NEWS

Average house price in Canada up 9.5% to $448,862

05/15/2015 09:19 EDT | Updated 05/15/2016 05:59 EDT
The average price of a Canadian resale home rose 9.5 per cent in the 12 months ending in April and now stands at $448,862, according to the Canadian Real Estate Association.

The national realtors group said Thursday that in addition to strong price gains, the was a much higher volume of houses sold, too.

Spring is always a popular month for home sales, and this year's was no exception. But sales were 10 per cent higher last month than they were in April a year earlier.

Indeed, the numbers were pretty close to the best month ever. More than 50,000 homes changed hands in April — only the third time ever that's happened during a month.

More to come

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