o

,

- British -Columbia
house prices have
recorded unpreceden-
ted increases over the
past eight months,
reports the Royal Trust
survey of Canadian
house prices.

A typical three-bedroom
bungalow in Langley now
costs 72.6 per cent more
than it did in June 1980, up
‘to $126,000 from $73,000. A
Richmond bungalow is now
$165,000, up 58.7 per cent
from $104,000.

Only one area surveyed
recorded a price increase of
less than 25 per cent: East
Vancouver, where the
bungalow rose in price by
11.9 per cent.

Increases were even more
startling on the larger two-
storey, four-bedroom home.

a :
’ . ‘ " ”

a leads the way

Surrey recorded a staggering
80.9 per cent increase in the
price of the larger house
over the eight-month survey
period, from $93,000 in June
to $170,000 in February.
Prices were up 72.4 per cent
in Richmond, 50.3 per cent
in Kelowna, and 41.3 per
cent in Nanaimo.

The Royal Trust survey,
conducted every, four
months, is based on opinion
and data from its more than
175 residential real-estate
offices throughout Canada. *

Across .the country, the
picture is as follows:

BAST

Adantic Provinces: Prices
for a typical bungalow in-
creased by as muoh as 11 fier
cent, with Halifax registering
the largest increase over the

wo, ; a

past cight months, 10.9 per
cent, from $64,500 to
$71,500. For the larger four-
bedroom home, Halifax
again saw the largest in-
crease, 11.8 :per cent, from _
$114,500 to $128,000.

Quebec; Prices in Quebec
varied considerably. In-
creases were as high as 22.6
per cent for the bungalow in
Beaconsfield, from $53,000
to $65,000. The larger house
in Town of Mount Royal
increased ‘by 33.1 per cent
over the eight-month survey
period, $139,000 to
$185,000.

Ontario:Bungalow house
price increases were less
dramatic in Ontario and
were generally in the one to
cight ‘per cent range.

Toronto atea homes showed .

+

:

m)

ry “
the gréatest appreciation,
with ‘the bungalow up 15.8
per cent in Oakville, from
$76,000 to. .$88,000. "The .
four-bedroom ‘liome showed

a greater appreciation, with |;

the largest increase. in North:
York (Toronto), 20.3 : per
cent,: from “$117,000 to
$140,800. °

WEST

Manitoba - Saskatchewan
- Alberta: House -price in-
creases ranged from 1,2 per
cent ‘to 6.8 per cent in
Manitoba and  Saskat-

chewan, but climbed as high |

as 20.5 per centin Alberta. |-.
In Mt. Royal (Calgary) >
bungalow prices increased
20.5 per cent, from $144,000
to $173,500, and the larger
home prices increased 14.9
per cent, from $235,000 to
$270,000. '

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