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Apartments posted average gains of 17.9% (12.6% inflation-adjusted).Īll of Canada’s eleven major cities saw rising house prices in November 2021 from a year earlier.

Townhouse prices increased 25.2%, on average, over the same period (19.6% inflation-adjusted).

Two-storey single family home prices increased 28.3% y-o-y (22.6% inflation-adjusted).One-storey single family home prices rose on average by 26.3% y-o-y in November 2021 (20.7% inflation-adjusted).This is the ninth straight month of double-digit y-o-y house price growth, following y-o-y rises of 9.36% in 2020, 1.95% in 2019, 2.51% in 2018, 8.92% in 2017, and 12.25% in 2016.īy property type (figures from the Canadian Real Estate Association): House prices in Canada’s eleven major cities rose by a huge 15.16% y-o-y in November 2021 (10% when adjusted for inflation), an acceleration from the previous year’s 8.96% growth, according to figures from Teranet – National Bank of Canada. After a two-year slowdown, Canada’s housing market has bounced back strongly in 2020-21, buoyed by strong demand coupled with limited supply.