Mortgage News
House Prices Jump 10.3% in Q1
Average house prices in Canada jumped 10.3% in the first quarter, with Vancouver leading the way, though the pace of growth is likely to moderate throughout the rest of the year, a survey from Royal LePage found. Prices rose across all key housing types, with the average cost of a detached bungalow increasing 11% to $329,209 and standard two-storey homes rising 10.3% to $365,141. The price of a standard condo gained almost 11% to $228,963.
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Average house prices in Canada jumped 10.3% in the first quarter, with Vancouver leading the way, though the pace of growth is likely to moderate throughout the rest of the year, a survey from Royal LePage found. Prices rose across all key housing types, with the average cost of a detached bungalow increasing 11% to $329,209 and standard two-storey homes rising 10.3% to $365,141. The price of a standard condo gained almost 11% to $228,963.