The average price of a house for sale in Canada fell by 12 percent in 2022, says the Canadian Real Estate Association (CREA), which also found that the number of home sales across the country fell by nearly 40 percent over the course of last year.
“In 2022, we saw one of the biggest single-year shifts on record in Canadian housing activity, from record highs last winter to just below the 10-year average to end the year,” said Jill Oudil, chair of the CREA, in a Jan. 16. news release.
