Most Expensive Cities to Buy a Home in Canada

According to CREA (the Canadian Real Estate Association), housing sales were down 3.1% from April to May 2012. But compared to a year ago, actual sales were up 9%. So it's a strong market though the national average home price is actually down 0.3% on a year-over-year basis in May. Easing sales activity and a small uptick in new listings resulted in a more balanced national housing market.

Click on the photo below to see where home prices rose the most.

Canada Average House Prices
May 2012: $375,810
May 2011: 376,815
Change from May 2011: -0.3%
Source: CREA

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