Wednesday, July 25, 2012

Home Price Report Questioned


A report on rising Ontario home prices has drawn concern from a Liberal MP.

The Municipal Property Assessment Corporation says home prices in Ontario are up 17 per cent over the past four years, 26 per cent in the Kenora-Rainy River districts.

The corporation says the numbers suggest a strong real estate market.

MP John McCallum says the increase is high given the current economic environment.