The increases will be bigger in the East Coast provinces and Alberta, but prices will remain relatively flat in Ontario and B.C., says the Canadian Real Estate Association.
December home sales were up 3.7 per cent compared with the same month in 2022, marking the largest year-over-year gain since August. The actual national average price of a home sold in December was $657,145, up 5.1 per cent from December 2022.