Much has been spoken and written about skyrocketing prices, elbowing out first-time buyers and by some, an imminent price “crash” in the making. But the dust seems to be settling on Canada’s real estate market. CREA data tells us the March 2021 peak of over $716,000 is now a thing of the past. The average price in August was $663,500, about the same as July. For four straight months, prices headed south before leveling off. This fall tells a little about what is coming.
