Toronto, Vancouver and Calgary Average Home Prices In August Fuel The Housing Market
Low interest rates continue to help Home buyers across Canada resulting in manageable carrying costs.
The three cities above are seeing rising Home prices that are increasing much more than the average family income that could strain affordability.
According to the Canadian Real Estate Association who recently raised its Home sales forecast for 2014 to 475,000 Homes their revised forecast “reflects stronger than expected sales in recent months.”
The average Canadian Home price in August was $398,618, up 5.3 per cent from the same time last year.
The average Toronto Home price in August was $503,094 for all Home types including the GTA.
Updated Toronto Condo Listings for sale or rent can be found on our Buy Sell Toronto Real Estate website.
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