Average Home Price in Canada Rises to $656,625 as Monthly Sales Slow: CREA

Average Home Price in Canada Rises to $656,625 as Monthly Sales Slow: CREA
A real estate sign is displayed in front of a house in the Riverdale area of Toronto on Sept. 29, 2021. The Canadian Press/Evan Buhler
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The Canadian Real Estate Association says the number of homes sold last month was up 0.9 percent compared with October 2022 as the national average home price rose to $656,625—up 1.8 percent from a year ago.

On a month-over-month basis, sales in October were down 5.6 percent as the association says there were fewer sales in most of Canada’s largest markets.