House Prices Approaching Pre-Recessionary Levels
According to a newly released survey from Royal LePage, home prices in Canada have continued their ascent towards pre-recessionary levels.
The move upwards is modest- but sustainable- a good sign that the market, in general, may be returning to reasonable, balanced levels. The average price of a home in Canada increased between 3.5 and 4.3% in Q1 of 2011.