The Canadian Real Estate Association (CREA) reported Friday that 496,890 homes were sold across the country between Jan. 1 and the end of November, up 2.7% from the record set for the entire year in 2006. New annual records have already been set in every province except Alberta and B.C.
The average selling price rose 11.7% year-over-year in November to $313,645. British Columbia remained the most expensive housing market among the provinces, with an average sales price of $438,207. The average selling price in Alberta was second at $356,322 while Ontario grabbed the third spot with an average price of $298,730.
