CANADA'S HOUSING MARKET REMAINS STABLE;
MODERATE PRICE INCREASES IN FIRST QUARTER
Strong local economies and population growth support buyer demand
On average, healthy year-over-year house price gains were recorded during the first three months of 2008. While more modest price increases were observed when compared to previous quarters, the solid appreciations noted in the first quarter are largely due to the shared effects of resilient local economies, high immigration levels, and relatively low interest rates - all leading to enduring buyer demand, according to a House Price Survey report released today by Royal LePage Real Estate Services.
2008-05-01 (c) Christine Wolter
