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Some regions, such as St. John’s, N.L., reported a moderate growth in the cost of a home; MLS benchmark prices compiled by the CREA showed that the price of a typical home in the city was about $268,000 in April 2021 before rising to $296,200 exactly one year later. Meanwhile, the average price of a home in the Greater Toronto Area, for example, came in at $1.35 million in April 2022, up from about $1.03 million just one year prior.

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