Saturday, October 27, 2007

Vancouver is Most Expensive Market in Canada

The Canadian real estate boom has seen prices rise throughout the country, and Vancouver has become the hottest market. Century 21 Real Estate completed a survey of worldwide real estate earlier this year, and determined that downtown Vancouver is the most expensive market in Canada for housing.

The average sales price for a condominium in Vancouver was just over $419,000 in Canadian Dollars, up 14.6% from last year. Housing prices have risen across the country; Toronto, the largest city in Canada has seen prices go up 15.7% from a year ago to $241,818 CD

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