Canada

Canada’s housing market softened in July 2024, with the national average home price and benchmark price slightly declining compared to the previous month and year. In July 2024, the national benchmark home price, which measures the price of a “typical” home, was $724,800, a a 0.8% monthly decrease and down 4.3% year-over-year. The average home price in Canada stood at $667,317, reflecting a 4.1% decline from the previous month and a 0.2% decrease from the previous year.