Royal LePage: Canadian home price forecast revised upward to 16% as roaring spring market eases into summer

Wednesday Jul 14th, 2021

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Second quarter regional highlights: Aggregate price of a home in Canada rose 25.3% year-over-year in the second quarter Demand expected to outstrip supply with upward pressure on prices, yet the pace of increases should moderate as peak price appreciation was reached in early Q2 Greater Montreal’s aggregate home price forecast to increase 17.5% year-over-year; the highest in Canada among forecasted regions Detached house prices continue to outpace condo appreciation, but the... [read more]

Royal LePage: Canadian home prices soar as persistent supply shortage results in continued seller’s market

Friday Oct 15th, 2021

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National aggregate home price increases 21.4% year-over-year  Third quarter highlights: Royal LePage maintains its 2021 forecast, with the national aggregate home price expected to rise 16.0% in Q4, compared to a very strong Q4 2020 Very low inventory pushes potential buyers to sidelines amid national housing supply crisis, resulting in pent-up demand 5% of regions surveyed saw double-digit year-over-year aggregate price growth in Q3 Condominiums continue price rebound in... [read more]

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