http://ca.news.yahoo.com/s/capress/0...l/house_prices
Quote:
Royal LePage says the average price of detached bungalows dipped by 4.8 per cent during the quarter to $319,640.
The average cost of a standard condo fell 5.2 per cent to $233,230 and the average for a standard two-storey home fell 6.3 per cent to $376,140.
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That's just the 4th Quarter...
They end the article with this heart warming tidbit...
Quote:
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Royal LePage says 2009 should bring gradual improvements as low mortgage rates and government efforts to revive the economy begin to take hold.
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And by that they mean hopefully this year, 1% lower rates then at the boom, and this stimuls that's supposed to put all kinds of disposable cash in our pockests will lead to slower declines and not the avalance they saw in the last quarter... Thats's a lot of wishful thinking but was phrased nicely by a realtor group....