The average price of a home in Canada is continuing to push upwards.
According to a report released today by the Canadian Real Estate Association, residential real estate is up 7% over this time last year to $419,699.
Price growth varied among housing markets; Calgary (+9.47%), Greater Toronto (+8.30%), and Greater Vancouver (+6.03%) continued to post the biggest gains.
Setting aside the markets of Vancouver and Toronto, the country saw a 5.4% increase to a smaller average price of $330,000.
Two-storey single family homes posted the biggest price gains (+6.94%), followed by townhouse/row units (+5.83%) and one-storey single family homes (+4.75%). Price growth for apartment units is comparatively modest (+3.51%).
As far as Prince George goes, an average home sits at $275,000, which is about 35% below the national average.
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