After plunging due to interest rate hikes throughout last year, the average price of a Canadian resale home has now increased for four months in a row, new numbers showed Monday.
The Canadian Real Estate Association said Monday that the average selling price of a home that sold on its MLS system in April went for $716,000. That’s the fourth monthly increase in a row, and it marks a collective increase of more than $100,000 since the start of the year.
After peaking at just over $816,000 in February 2022 — right before the Bank of Canada began its aggressive campaign of rate hikes
