House Prices expected to continue to grow

Financial Post

The organization that represents Canada's 100 000 realtors expects house prices to continue to grow, but even the Ottawa-based group says consumers better get ready to accept increases that barely match inflation.  In its June forecast, the Canadian Real Estate Association now says the average sale price will reach $436,700 in 2016, a 1.7 per cent increase from 2015.  For this year, CREA expects the average sales price to rise 5.2 per cent nationally.

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Michael James

Michael James

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CENTURY 21 Capital Realty Inc., Brokerage*
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