More than 11,000 units were sold last month, a 63 per cent increase from the same time last year.

Sales were up 45 per cent for all home types last month, though still about 15 per cent below the 10-year average.

The agency said the average price of a home province-wide was $700,460, down 1.6 per cent from 2018, though that dip was a result of price drops in three key regions.  

After 12 consecutive quarters, the Canada Mortgage and Housing Corporation has downgraded the city's housing market from "high" to "moderate vulnerability."

An over-abundance of houses for sale in the Edmonton area could mean slower sales and lower prices until well into next year, an economist tells Global News.

Skyrocketing real estate and rental markets across much of the country have some families choosing small spaces over suburban sprawl -- and finding unexpected benefits.

The local real estate market is continuing to cool off. The Realtors Association of Hamilton-Burlington says sales fell by 27 per cent in January compared to the same month a year ago.

The Toronto Real Estate Board says the average price in the area rose to $920,791.

The Ontario government is dismissing suggestions that the province's anti-sprawl policies are contributing to housing supply shortage and soaring home prices in the Greater Toronto and Hamilton Area.

The discourse surrounding the increasingly unsustainable housing prices has left out a very important and sizable demographic: those who have over-leveraged themselves to get into the market.