Slump in Canadian Home Prices Slows: Reports

Slump in Canadian Home Prices Slows: Reports
A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada Dec. 13, 2021. Reuters/Carlos Osorio
Tara MacIsaac
Updated:
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The average home price in Canada is down to about $645,000 from a dramatic peak of over $800,000 in February, according to the Canadian Real Estate Association (CREA). But the drop in prices is slowing and sales are picking up.

It could be the beginning of the end for the market downturn, say analysts.