Expect an Uptick in National Home Prices Next Quarter Following Sluggish First Half of 2018

Key highlights from the national release include:

  • Home price appreciation slowed across Canada in the second quarter of 2018, marked primarily by softness in the Greater Toronto Area (GTA). The price of a home in Canada increased 2.0 per cent year-over-year to $613,968 this quarter
  • Looking ahead, Royal LePage is projecting an uptick in home price appreciation in the third quarter of 2018 with the aggregate price of a home in Canada set to increase 1.9 per cent compared to the second quarter
  • GTA expected to post third quarter price gains after price declines in the second quarter
  • Greater Montreal Area home price appreciation surpasses the national rate for the first time in seven years
  • Greater Vancouver home values forecast to increase 1.5 per cent over the next three months
  • Southern Ontario cities outside the GTA post highest home price increases in the province as buyers migrate to affordable communities
  • In Western Canada, B.C. continues to see the highest home prices and appreciation rates in the country

See more details at:  https://www.royallepage.ca/en/realestate/news/expect-an-uptick-in-national-home-prices-next-quarter-following-sluggish-first-half-of-2018/

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