[canada.com - April 9, 2009]
House prices in Canada were down during this year's first quarter, but not as much as expected, according a report released Wednesday.
Royal LePage Real Estate Services said the average price of a two-storey home during 2009's first three months was $379,636, down 6.5% from a year earlier. The average condominium price was down 3.4% to $232,877.
"We expected a sharper decline in house prices across Canadian markets during the first quarter," Phil Soper, the real estate firm's president and CEO, said in a statement.
Royal LePage Real Estate Services said the average price of a two-storey home during 2009's first three months was $379,636, down 6.5% from a year earlier. The average condominium price was down 3.4% to $232,877.
"We expected a sharper decline in house prices across Canadian markets during the first quarter," Phil Soper, the real estate firm's president and CEO, said in a statement.
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