Vancouver, British Columbia

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2007 Canadian House Price Forecast


Vancouver, BC


The Canadian Mortgage and Housing Corp. is forecasting a 12-per-cent increase in housing prices this year and 6.4 per cent in 2007. Gregory Klump, chief economist of the Canadian Real Estate Association expects average prices to rise 6.1 per cent in 2006and 4.7 per cent in 2007. Average home prices in Canada reached an all-time high in 2006.