Housing prices still on the rise - Toronto Star 01/12/06

$142,667 as an average price in Newfoundland? Wow!!
On the grand scheme of things, Toronto is still very affordable when compared to BC. In fact, compared to most of the major cities in North America, Toronto is still a steal. This explains all of the foreign real estate investment from overseas.

Jan. 12, 2006.
CANADIAN PRESS

Canada's housing market was remarkably strong in the fourth quarter, with most markets, including Toronto, experiencing increases in average prices, Royal LePage Real Estate Services reported Thursday.

The highest average price appreciation occurred in detached bungalows, which rose to $269,810, up 9.1 per cent from a year earlier.

The average price for standard two-storey properties rose to $327,269, up 7 per cent, while the average price for a condominium unit rose to $190,123, also up 7 per cent from the fourth quarter of 2004.

Homeowners in the energy-producing West saw the value of their properties appreciate at a much higher rate than elsewhere in Canada, Royal LePage said.
Partial results from the survey, based on prices for detached bungalows:

Halifax: $173,333, up 7 per cent
Saint John, N.B., $143,900, up 9.6 per cent
St. John's, Nfld., $142,667, up 7.0 per cent
Montreal: $201,714, up 4.0 per cent
Ottawa: $274,000, up 4.1 per cent
Toronto: $362,611, up 6.6 per cent
Winnipeg: $200,857, up 13 per cent
Saskatchewan: $156,958, up 8.1 per cent
Calgary: $272,289, up 17.0 per cent
Edmonton: $203,286, up 13.5 per cent
Vancouver: $611,250, up 11.4 per cent
Victoria: $352,000, up 18.1 per cent.