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.”
In fact, there’s no such thing as a “Canadian” housing market. Market activity and prices are very local, and factors at the municipal and even the neighbourhood level can impact what you’ll pay for a home there.
We thought it would be interesting to see what you can buy for that national average house price, from coast to coast.
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**Listings active at time of publishing.