Canadian Home Prices Are Up – Again

Posted: July 10, 2023 | Source: wrenews.com

Canadian home prices have increased almost every year since the 1960s, and the trend doesn’t look to be changing any time soon. The 2023 Toronto market recorded 7,481 sales through June, up 16.5% from 2022. The average Toronto selling price was up 3.2% from 2022 to $1.18 million. Canada did not suffer the dramatic 2007-‘12 home price crash that took place in the United States.