The average selling price of a Canadian home has fallen by 0.3 per cent in the past year, the first yearly decline since 2013. The average price of a Canadian home sold on the multiple listing service (MLS) in July was $478,696, the Canadian Real Estate Association said Tuesday. That's down 0.3 per cent compared to the same month a year earlier, and down five per cent from June, when the average price across the country was $504,458. Stripping out Toronto and Vancouver, the average price nationally would drop by more than $100,000, to $381,297. That figure is actually up by five per cent compared to last year, when houses outside Toronto and Vancouver sold for an average of $363,858.

Source: CBC News August 15, 2017 13:23 UTC