Average price of a home fell a record 12% in December

The average price of a Canadian home sold in December was $626,318, a decline of more than 12 per cent from the same month a year ago. The biggest price drops came in Regina and Toronto, while Calgary saw a price increase along with oil prices.

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[yashpatel]

They doubled in price in 2 years. A fall of 12% is nothing.

[theforestisdark]

Yeah we literally need like a 50% decrease the current prices are not sustainable.

[Gamabunta]

Apartments have not gone down in price.

[dkell]

500, 000 immigrants a year will sure help housing and the healthcare!!! Come on in with your 8 kids we'll give you free dental !!! You can change our laws to make here more like

[rickbaker]

Good maybe one less thing for Poilievre to complain about and falsely say its Trudeau's fault. If it was the Libs fault why is the same thing happening in the US and countries around the world?

[cindybrown]

houses need to come down by 500, 000 dollars back to for a house is NORMAL

[kevinc]

Ottawa stable because of job market, no surprise

[jonathanbelanger]

You really think that the people who overpaid by 100 to 200 000 are going to drop their prices when they want to sell ? Lol

[dyingpentas]

Good keep falling plz long time overdue

[johnnyboyvan]

Here in Vancouver they are still ridiculous. One in Kits sold beyond asking . I don't believe the media anymore.

[stephanienguyen]

How can we afford $1, 500, 000 average prices. Give us your ideas (CBC News). Make sure you do (Basic Math) and all expenses.

[christianduval]

What a great time for savers like to my friend higher interest rate

Stop using your home like a will sleep better

[jessefaw]

Average Home prices in the GTHA and the GTA are still 900k. We have alot further to go

[bunnyniyori]

There is no sane reason for an atypical house on a house parking lot to cost more than 50 thousand.

[jlm]

Appeal, appeal and appeal property assessments that state your area sales prices increased over 2022 by over 13% in B.C. 🤔

[haroldmulingtapang]

My home assessment increased 14 percent.

[nagitoyup]

Affordability keeps dropping. So, house prices doesn't align with economy. Sign that Canadian economy is going down. Let's see if Canadian government's only option to fix this by bringing more people. Let's hope it works

[ididnotdoit]

" Old houses made in 1930 big rip off

[nasseq]

affordability won't change until we have progressive taxes on multiple home ownership and supply

[gregd]

Price drop! But pay a lot more in mortgage interest payments for years! Same problem on “affordable homes”!