The survey, which analyzes house values in 53 of the nation’s largest real estate markets, showed that the price of a home in Canada increased eight per cent year-over-year to $502,643 in the third quarter.
The price of a two-storey home rose 9.9 per cent year-over-year to $615,304, and the price of a bungalow increased 6.8 per cent to $421,757.
During the same period, the price of a condominium increased 2.7 per cent to $338,945.
The Greater Toronto Area
's aggregate year-over-year increases were 11.3 per cent to $612,261, while Greater Vancouver
prices were up by 12.9 per cent to $928,532.
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Home prices showed moderate to strong year-over-year increases in most markets in Canada during the third quarter of 2015, according to the Royal LePage House Price Survey.