Listings at all-time low in December as national home prices push even higher

The actual national average home price stood at $713,500 in December, coming off the record $720,000 in November though seeing growth on an annual basis. The MLS® Home Price Index, CREA’s tool for assessing home prices and trends, rose a record 26.6 per cent year-over-year as a lack of supply continues to put upward pressure on housing. Actual, not seasonally adjusted, prices rose by 17.7 per cent.

While the winter months usually see a lull in market activity, the real estate industry has been seeing a heated market. found that Ontario, Alberta and Manitoba have the lowest housing stock per capita, exacerbating affordability issues.

Source: Real Estate Daily Report (realestatedailyreport.net)

The real estate market is delightfully unhinged for some. For others, not so much.

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