A new survey says Canada’s real estate market is heading into a stronger-than-expected year that will likely see home prices steadily rise, while overall transactions moderate.
Royal LePage reports that average home prices are expected to rise 3 per cent to $348,600 in 2011, while the number of transactions is predicted to fall 2 per cent.
The survey also found that average house prices rose between 3.9 per cent and 4.6 per cent in the fourth quarter of 2010.
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