Average Canadian house price is $454,342, up 12% from 2014

OTTAWA – The Canadian Real Estate Association says sales through its MLS system in December were down 0.6 per cent from November.

The association says sales were down from the previous month in slightly more than half of all local markets.

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Sales were down in Calgary, Edmonton, York Region and Hamilton- Burlington.

Compared with December 2014, sales for the final month of 2015 were up 10 per cent.

The national average price for a home sold in December was $454,342, up 12.0 per cent from a year ago, boosted by gains in the Vancouver and Toronto regions.

Excluding Greater Vancouver and Greater Toronto, the average price was $336,994, up 5.4 per cent from a year ago.