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Royal LePage: Home prices in Toronto and Vancouver soar in second quarter
Prices for existing low-rise homes in Canada recorded strong growth in the second quarter of the year, especially in already hot housing market such as Toronto and Vancouver.
In Royal LePage’s House Price Survey and Market Survey Forecast, released Tuesday, growth was highest among bungalows which recorded a 7.5 per cent price gain over Q2-2014, rising to the country-wide average of $438,938. Two-storey homes followed with a 6.8 per cent increase to $471,002. Though price growth for condos was less robust, the average sale price still saw a 3.9 per cent jump to the average of $268,583.
Read the full article here.
Prices for existing low-rise homes in Canada recorded strong growth in the second quarter of the year, especially in already hot housing market such as Toronto and Vancouver.
In Royal LePage’s House Price Survey and Market Survey Forecast, released Tuesday, growth was highest among bungalows which recorded a 7.5 per cent price gain over Q2-2014, rising to the country-wide average of $438,938. Two-storey homes followed with a 6.8 per cent increase to $471,002. Though price growth for condos was less robust, the average sale price still saw a 3.9 per cent jump to the average of $268,583.
Read the full article here.