The average house price across Canada will rise by more than 9% this year to $272,200, according to a forecast releasedd today by Royal LePage Real Estate Services.

In its quarterly report on growth in home prices, Royal LePage said the outlook for the Canadian housing market remains positive.

“Current economic forecasts for the balance of this year and into next remain positive,” said Phil Soper, president and CEO, in a news release.

“We are unlikely to see the kind of housing market corrections that have begun to occur in isolated regions south of the border in our country,” he said.

While prices are expected to jump, the number of sales is seen climbing by a marginal 0.4% to 485,000 sales from last year.

Housing price growth in the second quarter of this year was propelled by activity in Western Canada, which has seen double-digit percentage price increases, Royal LePage said.

In Calgary, a standard two-storey house was up almost 55% year-over-year at $397,867, while a standard bungalow was up more than 50% at $371,200. Edmonton saw average increases of 38.6% and 33.2% for two-storey houses and bungalows, respectively.

Based on various house types, the highest average price appreciation across the country occurred in detached bungalows, which rose more than 15% year-over-year to $292,237. Standard condominium prices were up more than 14% to $208,403, while the standard two-storey property which increased to $351,367 (+13.3%).