Average house prices are expected to rise by 9.5% nationally

A booming start to 2007 and solid price appreciations in all areas of the country have paved the way for a promising outlook for the Canadian housing market. The strong economy has fuelled consumer confidence, driving demand across the country.

"The momentum from the year's extraordinary start spilled into the second quarter, compounding typically busy spring market activity and stimulating solid price appreciations in almost all regions of the country. These conditions will certainly be an impetus characterizing Canada's real estate market through to year's end," said Phil Soper, president and chief executive officer, Royal LePage Real Estate Services.

These healthy and robust conditions are anticipated to prevail throughout the year as all Canadian regions are expected to experience a rise in average house prices with double-digit gains forecasted for Edmonton, Calgary, Winnipeg and Regina in 2007. In addition, modest mid-single digit increases are expected for Central and Atlantic Canada.

MINI HOE Ready to Work The national average house price is forecast to rise by

9.5% this year, passing the $300,000 mark for the first

CAN DIG 7'10" & 10'10" time, to $303,300. Home sale transactions are also projected

• Water Lines • Foundation Leaks to rise by 8% to 522,306 unit sales by the end of 2007.

Prices are expected to rise 5% in the Toronto area, compared

ONE STOP CONTRACTOR to a whopping 39.5% in Edmonton and 35% in

Calgary.

Call Neil 905-859-5770

More information on trends in your neighbourhood is

DAKOTA CONTRACTING available online at www.royallepage.ca.

- News Canada