Canadian home prices up in most markets in early 2013: Royal LePage

canada_homeAverage prices for three common types of housing were up year-over-year in most Canadian markets in the first quarter, national real estate company Royal LePage said Thursday.

Royal LePage said the average price for a standard two-storey detached house was up 2.2% in the January-March period compared with a year ago, while the national average price for detached bungalows rose 2.4%.

The average price for condominiums rose 1.2% from first quarter of 2012.

Some local markets didn’t fit the national pattern, however.

For example, Vancouver, Victoria and Saint John, N.B., had year-over-year and quarter-over-quarter price declines in all three categories.

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