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Canada: Expect home prices to keep rising in 2012: Royal LePage

Posted on 13 January 2012

Canada’s housing market will continue to be strong this year, with rising property values expected in all major markets, real estate brokerage firm Royal LePage said Thursday. The company’s forecast called for prices across to country to rise 2.8% by the end of 2012, after stronger gains last year.
It said in the fourth quarter of 2011, the average price of a standard two-storey home was $375,427, up 4.2% from a year earlier. The average rate of a detached bungalow was up 6.1% to $344,392, while condominiums gained 3.6% to $234,680………………………………………..Full Article: Source


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