Behold, the Canadian condo market joins the COVID-19 real estate frenzy The national average sale price of a home in Canada was up a whopping 25 per cent in February compared to the same month in 2020, just before the start of the COVID-19 health emergency, according to the Canadian Real Estate Association (CREA).And sales activity last month was strong across the country, including in places like Calgary, which had its best February since 2014, before the oil-market crash.No matter where you live in Canada, if you are hoping to buy in the upcoming spring housing market, “be prepared for bidding wars,” says Romana King, director of content at Zolo, an online real estate marketplace.Buyers should come prepared, King adds.“Know (the.