When priced in US dollars, the average home in Canada costs $383,402 based on March prices. In the US the average home costs $271,803. The figures have been skewed by high prices in Vancouver and Toronto.
The data shows that Canada’s average home prices overtook those in the US around a decade ago.
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Canadians looking for a housing bargain might be better off south of the border. A graph released by BMO economist Sal Guatieri shows that the cost of an average Canadian home is 41 per cent more than the average US home.