Property prices and sales set new records in Canada as experts predict good 2010 ahead

[Nicholas Wallwork]

Residential property prices and sales in Canada are soaring with the*latest data recording record figures for October and projections pointing*to continued increases in 2010.

Canada's average home price climbed to $341,079 last month, a record*high for the month of October. Nationally, 42,288 units changed hands*through the Multiple Listing Service in October, up 41.5% compared with*October 2008, when the global economic crisis hit consumer confidence and*real estate sales dropped.

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