High second quarter house prices conceal early signs of a moderating market
Slower price appreciation expected in the second half of 2011; National average house price forecast to end the year 7.7 per cent higher than 2010
By Guest Column —— Bio and Archives--July 7, 2011
American Politics, News | Comments | Back To Full Article
TORONTO, Canada's residential real estate market saw sizable year-over-year price increases in the second quarter of 2011, but high house prices are concealing early signs of a moderating market, according to the Royal LePage House Price Survey and Market Survey Forecast released today. The market has seen its near-term peak in house price appreciation, and a slower second half of the year is expected. Still, by the end of 2011, the national average house price is expected to be 7.7 per cent higher than it was at the end of 2010.
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