The average home price in February was $431,812, a 7.6% increase compared with the previous month. Prices remain 6.3% higher than the same month of the previous year.
In February a seasonally adjusted 38,769 homes sold according to the Canadian Real Estate Association. This remains 5.7% above the same month of the previous year and was an increase of 1.0% from the previous month.
A seasonally adjusted 74,243 homes came on the market in February, increasing the sales-to-new-listings ratio by 3.6% compared to the previous month. Inventory levels were similar at this time last year.
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