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Canada ends 2022 with modest decline in national aggregate home price; prices remain well above pre-pandemic levels
Canada ends 2022 with modest decline in national aggregate home price; prices remain well above p...
About this update from Bridgemarq Real Estate Services, Inc.
[{"type":"text","content":"\n \n \n \n Canada ends 2022 with modest decline in national aggregate home price; prices remain well above pre-pandemic levels\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n National aggregate home price posts single-digit year-over-year decline in Q4 over 2021; double-digit growth compared to 2020 and 2019\n \n \n \n \n \n Fourth quarter highlights:\n \n \n \n \n National aggregate home price down 2.8% in Q4 2022 vs. the prior year; first year-over-year decline recorded in more than a decade\n \n \n Prices remain above pre-pandemic levels:\n \n Canada's\n \n Q4 2022 national aggregate home price has appreciated 13.8% vs. Q4 2020, and 17.2% vs. Q4 2019\n \n \n Greater regions of\n \n Toronto\n \n and\n \n Vancouver\n \n record year-over-year aggregate price declines of 4.6% and 3.5% respectively in Q4 2022, while the\n \n Greater Montreal Area\n \n posts a gain of 2.2% in the same period\n \n \n Less than 1% of all homes in\n \n Canada\n \n were purchased during the peak price period of February and March, 2022\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Jan. 13, 2023\n \n \n /CNW/ - According to the Royal LePage House Price Survey released today, the aggregate\n \n \n 1\n \n \n price of a home in\n \n Canada\n \n decreased 2.8 per cent year-over-year to\n \n $757,100\n \n in the fourth quarter of 2022; the first year-over-year decline recorded since the end of 2008 during the global financial crisis. On a quarter-over-quarter basis, the aggregate price of a home in\n \n Canada\n \n decreased 2.3 per cent. This is the third consecutive quarterly decline, and the smallest decrease so far....