ICYMI: Home prices are falling for first time in two years — here's where they are falling the most — via financialpost homeprices housingmarket welcomecorrection
Home sales dropped 12.6% across Canada from March to April and benchmark prices fell 0.6% in what one economist called “a remarkable turn of events.”
The 0.6% drop in the national MLS Home Price Index in April was among the weakest prints in the past decade, said Kavcic — and the first drop since April 2020. Meanwhile in the more affordable Atlantic Canada and the Prairies, prices continue to climb. The home price index was up 5.6% in Halifax-Dartmouth from the month before, Saint John, up 3.2%, Fredericton, 2.7%, and Moncton, 2.4%. Prices also rose moderately in Edmonton, up 1.4%, Regina, 1.2%, Calgary, 0.8%, Saskatoon, 0.6%. and Winnipeg, 0.4%.
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