Calgary saw the smallest price jump in January of major Canadian markets, with the average price of a home rising by $700 to $573,100.
Price gains in January led to decreased affordability in most major Canadian housing markets, according to a Ratehub.ca study. Calgary experienced the smallest price increase, rising $700 to $573,100, while Edmonton saw one of the highest increases, up $14,800 to $412,200. Hamilton had the largest increase, rising $20,900 to $819,500. Fredericton was the only market where prices fell, decreasing $2,300. The study analyzed average price changes and the income required for a mortgage with a 20% down payment across 13 major markets.
