ROYAL LEPAGE vi> 905-878-8101 VIfNW1 yEA R S 475 MAIN ST. E., Meap.dwtowned.. Oph,m ... d. sc lois1 Mlo www.meadovwtowne.com MILTON MILTON HOUSE PRICES CONTINUE TO SEE A STEADY INCREASE IN THE FTRST QUARTER Low inventory drives a house price increase as new homes are built MILTON, April 8,2»14 - Ihe Royal LePage inventory of homes available wo would-be buyers continues wo display its strengdi," added Soper. of 2014. A printable version of the first quarter Hous Price Survey oeleased today showed steady and a more balanced market overail," Ocsai added. '11e federal goveramnent is headîng towards a 2014 survey will be available online on May 8, year-over-year price increases across ail housing Nationally, mout regions showed healthy year- balanced budget for dhm first tune in over six years, 2014. Housing values in the Royal LePage Huoe types surveyed in Milton. over-year price gmowth, with the average price while ail signs point wo a continued low inteoest Puce Survey ame Royal LePage opinos of fair Detached bungalows and standard two-storey of a homne in Canada rising between 2.5 per cent rate enviznment. Moreover, the strengthening markcet value in each location, based on local data homes both saw a 4.1 per cent year-over-year and 5.4 per cent. In the finst quarter, the average global economy and a weaker Canadian dollar ai and markcet knowledge provided by Royal LePage increase wo $435M0 and $505000, oespectively. price of a two-storey homne increased 5.A per cent ftaeling demand for Canadian exports and oeducing oesidential oeal estate experts. At the saine tune standard condomnimums umased wo $428,943, while detached bungalows rose 4.4 dependence on the household sector to sustain onr 3.0 per cent year-over-year wo $275»00. per cent year-over-year wo $380,765. Standard ecooomic success.' About Royal Ldpa "A dip in the winter markcet is quite common and condomiriiurns posted! slightly Iower gains of 2.5 SrigCndassne11,RylLPg sales that traditionally happened in die tinst quarter per cent wo $252,174. About the Royal LePage House Prie Survey the orvg Caadins rvro sincece 193o ea were delayed this year," said Alex Ocsai, broker/ "*With Ilie slightest trace of a weather recoveuy in The Royal LePage House Price Survey is dm ethe conrys, e an rork of vere 15Wa owner, Royal LePage Meadowwowne. 'Those most parts of the country, we are now finally sceing largest, most comprehensive study of it kin *i w estate roee ns, iantoc over 15ocaio0 wiiling w hrave the cold weather were forced wo the anival. of housing inventoey. This, combined Canada, with information on seven types of housing nal estate. RxeonalsPg i over 00y lcaain counpete over the scarce inventoey available, which with pent-up demand foilowing a particularly in over 250 neighbourioo<ls from coast wo cot. naowdeRylLPgeiteolyC adi is why we saw prices appreciate tbis quarter." long and harsb winter is setting the stage for an Tis release references an abbreviated version of real estate compaiy to have ils own charitable Ocsai noted dhat the Town of Milwonhas reported exceptionaily robust spring 2014 ma&let," said Phl the survey which higlgts house price trnds for foundation, the Royal LePage Shelter Foundation, an increase in year-w-dat residential unit building Soper, President, Royal LePage.'Ibis is good news die durce most common types of housing in Canada dedwted wo suppomtng women's and childoen's applications and they are skyrocketing widi 547 for buyers, as the price spikes we have seen in a in 90 communities across the country. A complete shelters and educational programns airned at ending submitted as compared wo 106 for the saine period number of cities wiil bu ailevinted. by ibis additional database of past and present surveys is availabe domestic violence. Royal LePage is a Brookfteld in 2013. supply!" on the Royal LePage webuite at www.royallepage. Real Estate Services lmc. company, a TSX-listed "With ail of these new units buing buit, we *With a number of supportive economic factors ca. Cun'ent figures wiil bu updated foilowing the corporation trading under the symbol TSXBRE. expect duat over tinm there wili bu a mnuch butter in place, tbu countiy's healthy "ea estate markcet complete tabulation of thie data for the tirst quarter For more infonination, visit wwwxoyalepageca.