Rising Prices in 2010?

Canada home prices may rise 10 percent in 2010: report

Tue Dec 1, 2:08 PM

TORONTO (Reuters) - Canadian home-resale prices are likely rise in 2010 at an even faster pace than this year but a dangerous bubble probably won't develop, TD Economics said in study published on Tuesday.

The average price of an existing home in Canada is expected to surge 9-10 percent next year to about C$346,000 as sales climb to 475,000. In 2009, the average price rose an estimated 4-5 percent on an annual basis.


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Grant Ostapowich

Grant Ostapowich

CENTURY 21 Fusion
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