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

[fusion_builder_container hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” overlay_opacity=”0.5″ border_style=”solid” padding_top=”20px” padding_bottom=”20px”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” hover_type=”none” link=”” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding=”” dimension_margin=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_text]


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/

Contact us today for all your Real Estate needs.  Kathy & Dave – “Strength in Teamwork”.  See our blog for other interesting articles:  www.kathyanddave.ca

If you’re interested in learning more about the current housing market in the Niagara region, we would be happy to have a chat with you and answer any questions you may have. Come in for a visit or give us a call! It would be our pleasure to show you how selling your home in the current market could increase your financial gain.