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Several houses regained their value of 2008 in Canada

Several houses regained their value of 2008 in Canada

House prices joined again with their levels preceding the financial crisis on the majority of the Canadian markets, the Re/Max. firm has indicated.

According to the study of the real-estate firm, the value of houses has exceeded the records levels posted in 2008 in seven of the eleven markets studied.

The average price for the whole of the country has reached 312.585 $, a rise of 0,5 percent compared to last year.

Re/Max in particular has attributed the rise in value to the weak interest rates and to the aggregate demand.

The poll is based on information collected in the great Canadian urban centres and the situation could be different on smaller markets

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Québec Landlords Association (1)

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