Canada house price boost

The average price of domestic property has risen by 6.5% throughout September, when compared with the same month of last year. This has largely been helped up by increased sales in several major markets across Canada. The housing market in Toronto particularly saw sales rise, pushing the average house price higher.

The news was announced by the Canadian Real Estate Association earlier today that the average price of houses sold in Canada in September stood at $352,600. This figure is only marginally lower that the lever seen earlier in the year, which was an all-time high on the Canadian domestic property market.

The average increase in house prices of 6.5% from last year to this, is the lowest annual gain since January. The quantity of homes sold throughout Canada in September also saw gains from last year, with the number of homes at 11% higher.

Source: WhichWayToPay.ca