Data from the Canadian Real Estate Association (CREA) revealed that most of Canada's real estate markets saw a significant increase in home prices.
Oakville, a region in the Greater Toronto Area, saw the maximum increase of 3.3% (CA $42,300) last month.
- A
mere 12 of the 61 benchmark home price indexes did not see prices climb
in March. Almost half of the markets were located in Ontario.
- Kingston saw the largest downfall in both the rate and dollar value, decreasing 2.9% (~CA $15,800).
- Of
the real estate markets that saw an increase in home prices, Sudbury
(5.6%), North Bay (5.1%), and Maurice (4.7%) saw the fastest rising
rates.
- The Greater Toronto Area saw the second-highest increase in dollar value of $27,200 (2.3%).
