Average house prices up 3.5% in past year, worth $519,521 in February

realtor sign home sale real estate
Denny Reichard, an agent with Jim Maloof Realtors, opens the front door of a bank owned home for potential home buyers Brian Giebelhausen, right, and Lindsay Willing in Washington, Illinois, U.S., on Monday, April 21, 2014. Existing home sales in the U.S. fell .2 percent in March, according to the National Association of Realtors. Photographer: Daniel Acker/Bloomberg *** Local Caption *** Denny Reichard; Brian Giebelhausen; Lindsay Willing

The price of the average Canadian home ticked up by 3.5 per cent to $519,521 in February, even as the national figures continue to be skewed by hot activity in the country’s biggest market: Toronto.

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