“November’s housing data from across Canada came in as expected – still pretty quiet – and that is unlikely to improve this winter with the Bank of Canada raising rates again,” said Shaun Cathcart, CREA’s Senior Economist.
Average Home Price Down 10% in Ontario
In November 2022, Ontario home prices averaged $829,934, down 10% from $921,819 in November 2021.
Download CREA’s Ontario snapshot to learn more about local housing market statistics that impact your clients.
To view monthly housing market stats for your region, go to CREA Stats and select your board.