Canada’s average home price hit a record high of $816,720 last month, says the Canadian Real Estate Association (CREA). The group, which represents over 150,000 realtors across Canada, said in a March 15 release that sales were up in roughly 60 percent of markets in February, with the largest jumps in Calgary and Edmonton. CREA attributed the increase in monthly sales activity to the rebound in the number of newly listed homes which climbed by more than 23 percent in February, following a 10.8 percent drop in January.  “New supply bounced way up in February, which is similar to what we saw play out in 2020 and again in 2021,” said Shaun Cathcart, senior economist for CREA.  Cathcart said that listings will continue to come out “in big numbers” in the next few months. “In the short term, expect at least one more month of stronger sales as the majority of those …