Posted AT 3:41 PM EDT on 24/01/07
Housing values more than double in 25 years: survey
Residential housing values have more than doubled in the last 25 years in Canada — rising from an average of $76,021 in 1981 to an estimated $277,000 in 2006, according to a Re/Max real estate survey released Wednesday.
The buying power of baby boomers — who are purchasing homes for themselves and their kids — and a steady influx of new Canadians seeking to put down roots have fuelled demand and pushed up prices, said Re/Max.
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