Own A House - real estate market news

Real estate market of the largest Canadian city shows positive price dynamics, unusual on a background of the general recession, spreading almost in all Northern America.
Now the standard house for one family in Vancouver costs at least 750 thousand Canadian dollars ($774 thousand). In total since 2001 till 2007 the cost of the inhabited real estate in Vancouver has grown on 120 %.
Thus if last year the rise in prices has made 11 %, this year, under forecasts of the Canadian housing agency, it will make at least 8 %.
Canadian Hypothec Crediting Association senior analysts prove that they, of course, expect some changes in the market: the prices will grow all the same and more slowly, than earlier.
Experts name a developing economy of region and the low rate of unemployment, attracting here people not only from other areas of Canada, but also from the world, as the reasons of growth.