Canadian Home Prices Near Record Highs In All But 2 Provinces

Canadian home prices rose in all but one province in April, with most provinces near or at record highs despite a national correction. The national price drop of 20.8% is mainly due to significant declines in Ontario and British Columbia, while other provinces saw modest increases or minor declines. This suggests the national housing correction is largely driven by just two provinces, challenging claims of broad affordability improvements.