Across the country, average home prices showed modest to healthy year-over-year gains in most markets in the fourth quarter of 2014, according to the Royal Lepage House Price Survey and Market Survey Forecast recently released.
Natural Slowing of Home Price Appreciation Delayed in Ontario, Accelerated in the West
During the quarter, the average price of a home in Canada increased between 4.5 percent and 6.7 percent year-over-year. Nationally, the average price of detached bungalows rose 6.7 percent $406,218 while standard two-storey homes increased 6.0 percent to $443,379, and standard condominiums saw a 4.5 percent increase to $257,624. Against the backdrop of a decidedly mixed macroeconomic environment at home and abroad. To read more click here.