The average selling price of a Canadian home was $688,000 last month, a figure that has risen by more than 38 per cent in the past year. Aside from prices, the volume of homes sold also seems to be cooling compared to the peak it hit in March 2021. CREA says the average selling price can be misleading because it can be skewed by sales of expensive homes in pricey markets such as Toronto and Vancouver. Seasonally adjusted, average selling prices are now lower in Hamilton, Kitchener and Waterloo, Ont., than they were in March. But will we get to a calmer period where we can actually negotiate real prices and real conditions?

Source: CBC News June 15, 2021 13:55 UTC