Royal Lepage released their first quarter house survey showing the average price of Canadian homes increased between 3.5 and 4.3 per cent in the first quarter of 2011

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Housing markets continue to recover from their post recession with the help of low-interest rates and a recovering economy.

The forecast is for lower single digit percentage increase in the average price of homes for the balance of the year.

Toronto Condos increased an average of 3.7 per cent to $339,025 and Vancouver Condos increased 7.6 per cent to an average price of $507,250.