Canada's housing market showed signs of recuperation from COVID-19 last month, with prices and sales numbers well up from where they were a year earlier. The Canadian Real Estate Association said Wednesday that the average price of a Canadian resale home was $539,000, up 6.5 per cent from the average price a year earlier. Prices, on average, were double-digits higher in fifteen of the 26 biggest markets in Canada, compared to where they were a year ago. Home prices are declining in Calgary, while elsewhere on the Prairies prices are either flat or rising." "Home sales, prices and starts have effectively regained all the ground lost during the shutdown," he said.

Source: CBC News July 15, 2020 13:51 UTC