Most regions posted modest gains in average residential sale price, despite increased inventory in many of Canada’s housing markets. Residential property markets in Toronto, Vancouver and their surrounding areas, as well as Calgary and

Edmonton continued to see prices and sales rise. The greater areas of Vancouver and Toronto saw inventory of singlefamily houses remain at a record low, while demand continued to climb. Prices in these markets are expected to continue to

increase in 2015, by approximately three per cent in the Greater Vancouver Area and four per cent in the Greater Toronto Area. Healthy gains are also anticipated in Kelowna (7%), Victoria (4%), Windsor (5%) and Moncton (6%).

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