Prices to rise: Report - Metro US

Prices to rise: Report

The Vancouver home-buying frenzy has slowed down in 2008, but a report released yesterday says prices will continue to rise.

While home sales are expected to drop eight per cent below last year’s numbers, the average price of a house will rise nine per cent to $621,000, according to the B.C. Real Estate Association Spring 2008 Housing Forecast.

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