11/09/2021
The actual (not-seasonally adjusted) national average home price was $663,500 in August, an increase of 13.3 percent from 2020 to 2021. When excluding Canada’s priciest influential cities, Vancouver and Toronto, the national average drops over $130,000 in August to around $533,500.
The Aggregate Composite MLS Home Price Index (MLS HPI) rose 0.9 percent on a monthly basis in August, marking it the first month-to-month acceleration in price growth since February.
Looking across the country, year-over-year price growth is averaging around 20 percent in British Columbia, over 20 percent in Ontario, and slightly over 10 percent in Manitoba. New Brunswick reported annual price growth little above 30 percent in August.
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