Canada prices continue to climb

House prices in Canada continue to grow with the Canadian Real Estate Association predicting that home values could be up by as 9.3% in 2011. This would follow significant price increases in 2009 and 2010.

And, according to the National Bank of Canada – Teranet, prices in H1 2011 were up by nearly 5% in its National House Price Index.

Richard Way, editor of www.OverseasGuidesCompany.Com told OPP that “Canada has performed tremendously well over the last 3 years. Across the board house prices are increasing and rental yields are up with Montreal being by far the most successful with rental yields averaging 5.7% growth.”

Source: OPP.org.uk