The Canadian Real Estate Association says home sales in December hit an all-time record for the month to end what was also a record year.
Home sales hit record in 2020 despite pandemic
CREA says excluding Greater Vancouver and the Greater Toronto Area, two of the most active and expensive markets, lowers the national average price by almost $130,000.
Sales were up 32.1% year-over-year and set a new record for September by a margin of 14,000 transactions, according to CREA.
Record-low Supply and Interest Rates Fuel Record October Home Prices
The Canadian Real Estate Association reported the average sale price at $607,250 for the month, an increase of 15.2% from a year earlier.Removing the high-priced markets of Toronto and Vancouver, the national average price was $480,250, up 19.5% from a year ago.
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