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Average Canadian house price rose to $716,000 in April — up by $100K since January

After plunging due to interest rate hikes throughout last year, the average price of a Canadian resale home has now increased for four months in a row, new numbers showed Monday. The Canadian Real Estate Association said Monday that the average selling price of a home that sold on its MLS system in April went for $716,000. That’s the fourth monthly increase in a row, and it marks a collective increase of more than $100,000 since the start of the year. After peaking at just over $816,000 in Febru