Average property prices increased by 8.6% in Canada for the year, however, if we exclude data for Vancouver and Toronto, the increase is only 3.7%, reports Property Wire. The publication refers to the report of the Canadian Real Estate Association in May 2011, according to which the average sale price in May was $ 376,817, which is 8.6% higher than in May 2010. However, the statistics to a large extent influenced by the sale in Vancouver and Toronto where housing supply is limited in high demand, which is reflected in the value of the property. The report also noted an increase in activity of buyers after a significant reduction in demand compared to May 2010 Source: Property Wire
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