{"id":20661,"date":"2016-05-16T11:38:19","date_gmt":"2016-05-16T16:38:19","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20661"},"modified":"2016-05-16T11:38:19","modified_gmt":"2016-05-16T16:38:19","slug":"canadian-housing-market-hits-508097-average-price-in-april-as-sales-rise-to-record","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20661","title":{"rendered":"Canadian housing market hits $508,097 average price in April as sales rise to record"},"content":{"rendered":"
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Canadian housing market hits $508,097 average price in April as sales rise to record<\/a><\/h3>\n<\/div>\n

Average Canadian house price up 13% in April, but wide regional variances remain<\/strong><\/p>\n

\"Canada's<\/p>\n<\/div>\n<\/div>\n

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Canada’s housing market hit new all-time records both for the average price and the number of homes sold in April. (Associated Press)<\/p>\n<\/div>\n<\/div>\n

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Canada’s housing market continues to set new records, with the average sale price up to $508,097 in April,\u00a0the busiest month for home sales in Canadian history.<\/div>\n<\/div>\n<\/div>\n
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The Canadian Real Estate Association says the average house price increased by more than 13 per cent in the year ended in April.<\/p>\n

CREA\u00a0has said for several months in a row that the average price is skewed higher by the hot and large markets of Toronto and Vancouver. Stripping those two cities\u00a0out, the national average drops to\u00a0$369,222 and the year-over-year gain is reduced to 8.7 per cent,\u00a0CREA\u00a0said.<\/p>\n

CREA\u00a0says the average figure is misleading, so it calculates something it calls the\u00a0Aggregate Composite MLS\u00a0House Price Index, and contends it’s a fairer representation of the real market, by blending together all housing types.<\/p>\n