Royal LePage found the aggregate price of a home in Canada rose 3.6 per cent in the third quarter of this year compared to a year prior, yet is down 0.8 per cent from last quarter.
WATCH: Trudeau says house prices 'cannot continue to go up' as feds look to fund more housing – Sep 13, 2023Home prices should remain relatively stable throughout the rest of the year, according to Royal LePage, which is downgrading its end-of-year forecast amid slower
Royal LePage had previously forecast the aggregate price would finish the year 8.5 per cent higher than the end of 2022, but is now softening that to seven per cent year-over-year due to the softer-than-expected activity in the third quarter. “Once interest rates begin to ease, even by only a small amount, we expect buyers will return to the market in large numbers and the relentless upward march of home prices will begin again,” Soper said in a statement accompanying the report’s release.
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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.
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