07-16-2012, 08:39 PM
For US housing:
The median sales price of new houses sold in May 2012 was $234,500; the average sales price was $273,900. The seasonally adjusted estimate of new houses for sale at the end of May was 145,000. This represents a supply of 4.7 months at the current sales rate.
For Canadian housing:
The average price for homes sold in June was C$369,339 ($362,097) on a national basis, down 0.8 per cent from the same month last year, with Vancouver prices falling 13.3 percent from June 2011.
Just a note, might want to be sure that the median and the average are a comparable comparison, as opposed to median and mean.
However, I have to agree with you. I looked to purchase in Vancouver, to escape the high SF prices, and I was mildly shocked.