Not all housing markets in Canada are created equal. According to the Canadian Real Estate Association’s latest data, the national average house price for August 2018 was just over $475,500. CREA noted that this figure is “heavily skewed by sales in the Greater Vancouver Area and the Greater Toronto Area, two of Canada’s most active and expensive markets. Excluding these two markets from calculations cuts almost $94,000 from the national average price, trimming it to just under $382,000.”
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