forma condos.Canadian house prices have soared 93% in the past 10 years. The average home price in Canada has soared by 93.31% over the past decade, according to a report by owners upgrading homes released by real estate agency RE/MAX.Please Visit:forma condos to Get Your VVIP Registration Today!
Thanks to equity and persistently low interest rates on home loans, upgrading owners of small houses for large houses will become the mainstream of buyers in the property market in 2013.
The report compares average house prices in 16 major residential markets across Canada between 2002 and 2012. Statistics show that between 2002 and 2012, the average house price of Canadian residents has soared from 188164 yuan in 2002 to 363740 yuan, 93.31% in 2012.
Among them, the average house price in Regina, the capital of sa province, climbed from 100751 yuan in 2002 to 301145 yuan, 198.90% in 2012, followed by Saskatoon, from 118999 yuan in 2002 to 315834 yuan in 2012, 165.41%. The third is Winnipeg, which rose from 98054 yuan in 2002 to 255058 yuan in 2012, 160.12%.
By contrast, the average house price in the Greater Vancouver area soared to 142.17% from 301473 yuan in 2002 to 730063 yuan in 2012, while the average house price in the Greater Toronto area reached 80.68% from 275231 yuan in 2002 to 497298 yuan in 2012.
It is worth mentioning that in the 16 major residential housing markets across Canada, the average house price of Saint John rose from 103544 yuan in 2002 to 168048 yuan in 2012, to 62.3%.