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Montreal house-price rise is tops in Canada

In the second quarter, the price of two-storey homes in Montreal has jumped 13.5%; an increase that is bigger than what has been seen in Vancouver, the most expensive housing market in Canada.

Still, with the cost of a standard two-storey home now at $843,300, Vancouver is a class apart from Montreal.

In Quebec, the overall two-storey home prices rose 10% year over year to $291,100, making it harder for homebuyers to purchase homes.

On  the other hand, Condo prices remain quite stable in both Montreal and Toronto, where there is an ongoing boom in condo construction.

For the full article, please click on the link below:

The Gazette – August 23, 2011

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