Canada’s hot housing market became even more heated in November. Vancouver Sun – Author of the article: Stephanie Hughes

Canada’s hot housing market became even more heated in November as the average price hit an all-time high at $720,850, according to data from The Canadian Real Estate Association (CREA) released Wednesday.

This seasonally unadjusted figure beat out the previous record of $716,828 set in March, as the disconnect between housing supply and demand continues to push prices higher, said Cliff Stevenson, chair of CREA, in a release. “Even at what is traditionally the slow time of year for housing, conditions and price trends are at the same record levels we saw this spring. Things may calm down a bit through the balance of December and January, but next year’s spring market will no doubt be an interesting one.”

Read More: Average home price in Canada hits all-time high of $720,850 | The Province