The average price of a Canadian home has risen to more than $400,000, according to new data released on Monday. Per article in CBC.ca

The Canadian Real Estate Association said Monday the average price of a resale home was $406,372 in February. That figure is 10.1 per cent higher than what it was the same month a year earlier.

CREA says the number was skewed higher because sales were significantly lower in some of Canada’s largest and most expensive real estate markets this time last year, and that makes comparisons appear larger than they would otherwise have been.

• MAP: House prices across Canada

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