The spring market continues to bloom as the Canadian National Average Home Price grows this month! How does the price of your home stack up to those of your city or province/territory? Check out the breakdown for Canadian average home prices for May 2014.
The Zoocasa team has compiled the average home prices from CREA from all of the provinces and two of the territories, as well as highlighted key cities for the month of May. Check out the interesting figures below:
- The national average home price has increased to $417K compared to the prior month at $410K and $389K the same time last year.
- Month-on-month increases were experienced in Northwest Territories, British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Newfoundland, Prince Edward Island and New Brunswick
- The three provinces that had the lowest average home prices were Prince Edward Island, New Brunswick and Nova Scotia.
- The three provinces that had the highest average home prices were British Columbia, Ontario and Alberta.’