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Montreal house-price rise is tops in Canada

Posted on 24 August 2011

Montreal had the biggest jump in the average price of a two-storey house in Canada during the second quarter, fuelling a deterioration in affordability in a city once known for its cheap real estate, an RBC report said Monday.
Year over year, the price of a 1,500-square-foot home rose 13.5 per cent in Montreal to $377,200 – a higher rate than in Canada’s sizzling Vancouver market where prices for the same type of house rose 9.7 per cent during the quarter, the RBC report on housing trends and affordability said……………………………………….Full Article: Source


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