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By MoneySense Staff on July 7, 2011
Estimated reading time: 1 minute

Has Canadian real estate finally peaked?

By MoneySense Staff on July 7, 2011
Estimated reading time: 1 minute

Second half of 2011 expected to be slower for real estate market

This article is 13 years old. Some details may be outdated.

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Canadian real estate prices are expected to slow in the second half of 2011, said Royal LePage Real Estate Services in a market update on Thursday. Prices steadily rose over the first two quarters of 2011 with a standard two-storey home up 6.1%, a bungalow up 7.5% and a condo up 3.5%. By the end of 2011 the national prices are expected to be up a total average of 7.7% from 2010. Vancouver experienced some of the largest price increases with standard two-storey homes rising 12%, but Regina took the lead as the city with the highest year-to-year increase. Thanks to a strong local job market, standard two-storey homes rose 15.6%. On the other hand, Calgary actually had a price decline from 2010.

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