Mar
15
Canada Average Home Price Tops C$500,000 on Vancouver Surge
By-
Vancouver and Toronto prices climb 26% and 15% on year
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Inventory measure falls to the lowest level in six years
A soaring real estate market in Vancouver helped push the national average home price in Canada above the half-million dollar mark for first time in February, stoking concern that risks are becoming lopsided.
Average resale prices jumped 16 percent in February from a year earlier to C$503,057 ($376,880), the Canadian Real Estate Association said Tuesday from Ottawa, as prices rose 26 percent in Vancouver…
Canada Average Home Price Tops C$500,000 on Vancouver Surge
