One of Canada's leading real-estate companies is forecasting that home prices will remain steady in the second half of 2010, although the number of sales is expected to fall compared with the hot activity early in the year.
Royal LePage Real Estate Services says some markets will see a decline in home prices and sales volumes towards the end of 2010 but they should be seen more as a reflection of the highs reached late last year rather than a major slowdown.
Prices for detached bungalows and two-storey houses were up about 9 per cent in the April-June quarter, compared with the same time last year. Condominiums were up 7.3 per cent.
Royal LePage is forecasting that by the end of 2010, home price appreciation will average 6.8 per cent over last year, while the number of home sales will increase by just 1 one per cent compared to 2009.
