For 2011 prices will rise moderately due to an improving economy and low interest rates. The average price of a home in Canada will rise approximately 3% for 2011. Most home owners and future home owners realize that interest rates are low and that housing will become effectively more expensive when mortgage rates return to normal levels.
Average prices for two-storey homes as of the end of 2010.
Halifax - $291K
Montreal - $375K
Ottawa - $354K
Toronto - $594K
Winnipeg - $297K
Edmonton - $334K
Vancouver - $1million
Victoria - $480K
Real estate is all about you. For more information: www.irenebilinski.com
Irene Bilinski
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