Quebec home prices catching up - Growth exceeds canadian norm; Up 123 per cent in the past decade, outperforming national average

Montreal Gazette, March 29, 2011 - Quebec's once lagging realestate prices more than doubled between 2000 and 2010, as the province's residential market played catchup with the one in Ontario, an analysis published Monday shows.

During the last decade, average home prices increased by 123 per cent, more than six times faster than the rate of inflation, which grew by 20 per cent during the same period, the analysis by the Quebec Federation of Real Estate Boards says.

It's the first decade where home prices in Quebec grew faster than the Canadian average, which was 107 per cent between 2000 and 2010.

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