Cold weather did little to chill out Canada’s red-hot housing market in January, with new data Tuesday showing average house prices have increased by 21 per cent in the past year to $748,450 — the highest on record.
The Canadian Real Estate Association (CREA), which represents more than 100,000 Realtors across the country, said Tuesday that the volume of homes being sold has plateaued, largely because of a lack of inventory. But prices continue their record-setting ascent.
After a brief lull early in the pandemic, Canada’s housing market has been on fire for the better part of two years now, as
