National Prices Strengthen | The Calgary Herald

National Prices Strengthen

By Marty Hope, Calgary Herald November 6, 2010  

Looking ahead, it is “very unlikely” that the national resale market from now to the end of the year can keep pace with the overheated market of the last three months of last year, says a real estate expert.

“Most Canadian housing markets cooled in the third quarter,” says Phil Soper, president and chief executive of Royal LePage Estate Services.

But in terms of the average price for detached single-family bungalows, it increased 4.6 per cent to $324,531 compared to a year ago. During the same period, standard two-storey homes rose 4.4 per cent to $360,329, while standard condos increased 3.9 per cent to $226,481.

“House price growth now sits just below the long term annual average of approximately five per cent, but once this is adjusted for inflation — which is very low and expected to continue to be that way for some time — appreciation is right on track.” says Soper. “Canadian homeowners will be pleased.”

 

 

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Dear Readers, I am a dedicated Toronto, Ontario based real estate professional who has been successfully meeting and exceeding the needs of his clients for past several years. I am actively involved in the insurance, financing, and mortgage industry. Real estate is not only my career – it is my passion. I strive to continuously provide my clients with exceptional service to ensure they are fully satisfied when it comes to their real estate needs. For any real estate related inquires contact me today, I will be happy to assist you. Best wishes, Tariq Sultan

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