Just Released: Royal LePage Q4 2017 House Price Survey
The Q4 Royal LePage House Price Survey was released to media early this morning.
Key highlights from the national release include:
- The Royal LePage National House Price Composite, compiled from data collected in 53 of the nation’s largest real estate markets, shows that the price of a home in Canada increased 10.8 per cent year-over-year to $626,042 in the fourth quarter of 2017.
- Sealing 2017 as the ‘Year of the Condo,’ our data shows condominiums appreciated at the fastest rate of all housing types studied, rising 14.3 per cent nationally to $420,823 compared to the same quarter in 2016.
- The effects of the Office of the Superintendent of Financial Institutions’ measures are expected to be contained to the first half of 2018 for most markets, but potentially damaging to markets in a state of fragile recovery.
A big thank you to all of our spokespeople from across the country for their contributions in providing regional perspectives. Regional insights can be found in both the national release and in city-specific releases.