Thursday, April 06, 2006

Canada-Wide Housing Boom

The Canadian Real Estate Association said, "Existing home sales across the country set a record for the seventh straight year in 2005, but industry analysts predict we won't have the same experience in 2006." "Unlike past housing booms that have been confined to one part of the country, this one appears to be Canada-wide."
Ottawa-based CREA said the average price of a home sold in the country's top 25 markets hit $266,206 in 2005, a 9.3% jump from a year earlier. It's the fifth straight year house prices have risen by more than 9%.


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