The usual two markets dominated the gains in the price of homes in July according to the latest data from the Canadian Real Estate Association. Toronto and Vancouver accounted for much of the 8.9 per cent national rise in prices – without them the gain was 4.1 per cent. Average prices in BC were up 11.7 per cent, driven by Vancouver; in Ontario prices were up 9.3 per cent. The other major gain was Prince Edward Island with an 11.2 per cent gain. Nova Scotia and Newfoundland and Labrador saw prices fall but Alberta did not crash, but slowed to 0.3 per cent. The overall average home price was $437,699.
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