"I know we didn't 'lose it' because it was not ours, right," said Natalie Hawkins. (Alexander Behne/CBC)As home prices drop across the country, sellers are having to come to grips with the reality that sky-high sale prices aren't guaranteed. Robert and Natalie Hawkins unload boxes, furniture, and appliances from a moving truck at their new home. A look at the national average house price excluding the country's two priciest markets — Vancouver and the GTA — shows the average house price in Canada came down by $114,500 relative to June 2021. Broker Nicholas Crouch says the average sale price in Ottawa has dipped below the average list price for the first time in almost three years, yet another sign of a cooling market.

Source: CBC News July 26, 2022 22:35 UTC