Ontario may be home to some of the most expensive and most competitive cities for real estate in Canada, but the province is actually getting a bre...
Ontario may be home to some of the most expensive and most competitive cities for real estate in Canada, but the province is actually getting a break when it comes to how fast housing prices are rising, at least compared to elsewhere in the country.from the Canadian Real Estate Association show a"relatively uneventful" February 2024 in the nation's housing market at large, though compared to the same time last year, average prices are up in every single province.
But, per CREA's charts, the province somehow saw the most meager increase in the price of the typical home in the last year: 1.5 per cent, which far less than the 5.1 per cent jump seen in B.C., 8.4 per cent in Quebec and 3.5 per cent across Canada overall. Year-over-year changes in the average price of a home in provinces across Canada as of February 2024. Chart from the Canadian Real Estate Association's
Sales activity, though, spiked 3.1 per cent from one month to the next, and was a whopping 19.7 per cent higher this February than last.
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