December 5th - 2012

MarketWatch: Prices up but sales fall

Canadian prices have edged up but the number of house sales has fallen compared to the same period last year, according to a recent survey.

Canadian prices have edged up but the number of house sales has fallen compared to the same period last year, according to a recent survey. The average price of a home in Canada increased year over year between 1.8 and 4.8 per cent over the same three-month period in 2011, according to the Royal LePage House Price Survey. The average two-storey home in the country increased four per cent year over year. Most cities experienced modest price appreciation in the quarter, but fewer homes were sold compared to the same quarter in 2011. For the full report, visit www.royallepage.ca.

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