![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/08\/century-21-price-square-foot.jpg\")
<\/a>Photo: James Bombales<\/em><\/p>\nFrom coast to coast, the Canadian housing market has experienced a boost in prices over the course of the last year, including the country\u2019s busiest and largest market regions.<\/p>\n
In its fifth-annual Price per Square Foot survey<\/a>, CENTURY 21 Canada evidenced how nationwide price per square foot (PPSF) levels have changed compared to last year. The survey compared the PPSF of properties sold between January 1st and June 30th in 2021 to the same six-month period in 2020.<\/p>\n Following the initial decline in market activity during the spring 2020 wave of the pandemic, pent-up demand for housing pushed prices upwards throughout the fall and into early 2021 as supply dwindled. According to the survey\u2019s report, home prices in major city centres have been \u201csofter\u201d compared to those in traditionally less expensive markets. Brian Rushton, Executive Vice-President of CENTURY 21 Canada, noted in the report\u2019s findings that there wasn\u2019t a single region across Canada that didn\u2019t record price growth in the past year.<\/p>\n\n \u201cWhen the pandemic began in 2020, the market became unchartered territory. But because of low inventory and high demand from buyers looking for a larger space, prices have steadily climbed for the past year, particularly detached homes,\u201d said Rushton.<\/p>\n \u201cOver the past couple of months, that growth has slowed and condo prices have started increasing again\u2013 it\u2019s still a seller\u2019s market from Victoria to St. John\u2019s,\u201d he added.<\/p>\n Out of all the markets CENTURY 21 analyzed across Canada, detached homes in the downtown and southwest areas of Montreal logged the highest PPSF, having soared 40.92 percent year-over-year to $1,350. By contrast, detached properties in Saint John, New Brunswick recorded the cheapest PPSF on record, rising 8.63 percent between 2020 and 2021 to $134.<\/p>\n