Resale prices remain healthy ; Montreal average reaches $300,471

Montreal Gazette, March 22, 2011 - The average price of a resale home in Canada is almost 80 per cent higher than one in the United States.

The average price for a U.S. resale home in February was $203,000, a spokesperson for the National Association of Realtors told The Gazette Monday.

By comparison, in February, the average resale price for a home in Canada was $365,192, according to the Canadian Real Estate Association.

Average resale prices were $251,902 for a home in Quebec and $300,471 for one in Montreal.

Residential real estate prices have appreciated in Canada and in Quebec since last year. Some analysts predict the rise in property values will moderate in 2011.

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Marlene Ofter

Marlene Ofter

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CENTURY 21 Max-Immo
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