Canadian home sales hit record in March but for once Vancouver Toronto

OTTAWA — The Canadian Real Estate Association says March set a record for the number of homes sold across the country, although the Vancouver and Toronto markets saw declines from the previous month.The Ottawa-based group says about 60 per cent of all local markets showed an increase in transactions, including Edmonton, Calgary, Montreal and Victoria.The national average price for homes sold through CREA members was $508,567, up 15.7 per cent from a year earlier.As house prices rise, bidding wars enter Toronto’s increasingly tight rental marketTax data shows first-time buyers such as millennials are jumping into Alberta housing againHighlight these real estate listing features to boost the speed (and price) of your home’s saleExcluding the Vancouver area and Toronto area, which have Canada’s most expensive real estate, the national average would be $366,950 — up 10.4 per cent from March 2015.09:19ET 15-04-16 read more