. Average Canadian house price up 38% compared to last year, but down from March « JO LEE MAGAZINE

CBC – The average selling price of a Canadian home was $688,000 last month, a figure that has risen by more than 38 per cent in the past year.

The Canadian Real Estate Association (CREA), which represents real estate agents across the country, said in a news release Tuesday that while prices are still up sharply from a year ago, the gains appear to be moderating.

The $688,000 figure is down from $696,000 in April and just over $716,000 in March, which suggests that while comparisons to the early days of COVID show a red-hot market, it is in fact cooling.

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