Zoe Demarco is a Staff Writer at STOREYS and was formerly the Urbanized Editor at Daily Hive. Born and raised in Toronto, she has a passion for the city's ever-changing urban landscape.
Alongside falling sales, new listings have been edging up since hitting a 20-year low in March. As a result, the national sales-to-new-listings ratio has dropped from nearly 70% to just over 50% in five months. The pace of price growth has slowed too; sizeable declines in Ontario led to a national decline in September.
CREA now anticipates 449,614 residential properties will change hands across the country in 2023, a 9.8% decline from 2022 and a 3.15% drop from its The sales forecast for 2024 has likewise been revised downwards. CREA expects 490,257 sales next year, a 9% increase over 2023 levels, but a 5% drop from the July forecast. Despite the dip, the revised forecast puts activity close to the pre-pandemic 10-year average.
Meanwhile, small price gains are expected in Alberta , Quebec , New Brunswick , Nova Scotia , and Newfoundland in 2023.
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Royal LePage downgrades Q4 housing price forecast; expecting seven per cent increaseReal estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with ...
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Royal LePage downgrades Q4 housing price forecast; expecting seven per cent increaseReal estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent.
Lire la suite »
Royal LePage downgrades Q4 housing price forecast; expecting 7% increaseReal estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent.
Lire la suite »
Royal LePage downgrades Q4 housing price forecast; expecting seven per cent increaseReal estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent.
Lire la suite »
Royal LePage downgrades fourth-quarter housing price forecastRoyal LePage is forecasting the aggregate price of a home in Canada will rise 7% in the quarter, which is a downgrade from the real estate firm’s previous outlook of 8.5%
Lire la suite »
Royal LePage downgrades Q4 housing price forecast; expecting 7 per cent increaseReal estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent.
Lire la suite »