Toronto and Vancouver homes rise in price most dramatically…up about 20 per cent…

(Source: CTV)

There are signs that some of Canada’s major house markets have become overheated, although most others have shown a more healthy rate of moderate growth, according to a national real estate sales organization.

Prices for all key housing types were up more than 10 per cent across Canada in the first quarter on a national basis, according to the Royal LePage survey released Thursday But Vancouver and Toronto prices rose much more dramatically – about 20 per cent in some cases – and the head of Royal LePage Real Estate Services suggested they may have risen too far in those local markets.

Read the full article, “Housing market overheating: Royal LePage” at CTV News (April 8, 2010).

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