Each quarter Royal LePage prepares the latest industry housing and market statistics. These are great trends to analyze for investors, and homebuyers alike. Some of the highlights from the most recent financial quarter are as follows:
Key highlights from the national release include:
- Canadian home prices are forecast to end the year 16% higher than 2020.
- The aggregate price of a home in Canada rose 25.3% year-over-year in the second quarter.
- Demand is 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 is forecast to increase 17.5% year-over-year; the highest in Canada among forecasted regions....