Canadian home sales ended last year with a 22.7 per cent jump in December compared with a year ago as prices rose as part of a trend that should continue into this year, said the Canadian Real Estate Association. Sales rose from a year ago as listings declined, putting upward pressure on prices. The national average price for a home sold in December 2019 was about $517,000, up 9.6 per cent compared with a year earlier. The average price was up 11.3 per cent in Ontario, and 8.5 per cent in British Columbia, while it dipped 0.4 per cent in Alberta and 3.7 per cent in Saskatchewan. “Home price growth is picking up in housing markets where listings are in short supply,” said Jason Stephen, president of CREA.

Source: Huffington Post January 15, 2020 18:00 UTC