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Rising house prices
House prices remained unexpectedly resilient across Canada’s housing market over the summer.
According to its latest price survey and market forecast, Royal LePage says low interest rates and a relatively stable domestic economy benefited the residential market.
The national average price of a bungalow rose the most, 7.8% to just under $350-thousand.
The price of a standard two-storey house went up 7.7% to $388-thousand while the price of a basic condo rose almost 6% to just over $239-thousand.