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.