By William Crooks
Local Journalism Initiative
Sherbrooke has been ranked as the second most desirable place to live in Canada, based on the surge in housing prices in 2023. A recent study conducted by real estate experts at KelownaHomes.ca provided a comprehensive analysis, utilizing data from The Canada Real Estate Association, highlighting the year-on-year growth in average house prices from September 2022 to September 2023.
Topping the list is Powell River in British Columbia, which saw an impressive 40.5 per cent increase in average house prices over the past year. Sherbrooke follows closely, securing the second spot with an astonishing 29 per cent rise in average house prices from the previous year. This increase reflects a growing interest in Sherbrooke, with the average house price now standing at $515,155, marking a $115,732 jump from last year.
This latest data sheds light on the dynamic shifts in Canada’s real estate landscape, spotlighting regions like Sherbrooke as burgeoning hotspots for homeowners and investors alike. The findings underscore the evolving preferences and priorities of Canadian homebuyers, with these areas emerging as key destinations for those seeking residential opportunities.