The average price of a Canadian home sold in January increased by 17 per cent to $470,297 compared to the same month a year ago.

Home sales were higher during the month, but prices truly soared, the Canadian Real Estate Association reported Tuesday.

As has been the case for several years, however, two large and hot markets, in Toronto and Vancouver, skewed the national average higher.

Stripped the two cities out of the numbers, the average Canadian home was worth $338,392 last month, and the year-over-year gain drops to eight per cent.

These numbers are hardly accurate, if take out BC and Ontario the price $286,911.

What a strange way of reporting houseing numbers!!!!!!!

If these people are going to do reports do the reports for each province, stop wasting paper.