04/15/2014 09:11 EDT | Updated 06/15/2014 05:59 EDT

Average Canadian house price now over $400K

The average price of a resale Canadian home eclipsed the $400,000 level for the first time ever, according to figures released for March.

The Canadian Real Estate Association says the average price of a Canadian home increased by six per cent last month, to $401,419.

More to come