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Rates, regulations and renewed demand: Driving revival of Canada's real estate market despite economic and political uncertainty
Rates, regulations and renewed demand: Driving revival of Canada's real estate market despite eco...
About this update from Bridgemarq Real Estate Services, Inc.
[{"type":"text","content":"\n\n\n\n Rates, regulations and renewed demand: Driving revival of Canada's real estate market despite economic and political uncertainty\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:0pt black; BORDER-RIGHT:0pt black; BORDER-BOTTOM:0pt black; BORDER-LEFT:0pt black\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n National housing market activity gained momentum in final quarter of 2024, resulting in moderate price gains\n \n\n\n\n\n Fourth-quarter highlights:\n \n\n\n\n The national aggregate home price rose 3.8% year over year in Q4 2024, and a modest 0.5% over Q3.\n \n\n\n Greater Montreal Area's\n \n aggregate home price increased 8.2% year over year, while the greater\n \n Toronto\n \n and\n \n Vancouver\n \n markets recorded more modest gains of 2.3% and 0.7%, respectively.\n \n\n For the third consecutive quarter,\n \n Quebec City\n \n recorded the highest year-over-year aggregate price increase (11.3%) in Q4 among the report's major regions.\n \n\n Housing policy and affordability expected to be key ballot box issues shaping voters' decisions in this year's federal election.\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Jan. 14, 2025\n \n\n /CNW/ - According to the Royal LePage\n \n ®\n \n House Price Survey released today, the aggregate\n \n\n 1\n \n\n price of a home in\n \n Canada\n \n increased 3.8 per cent year over year to\n \n $819,600\n \n in the fourth quarter of 2024. On a quarter-over-quarter basis, the national aggregate home price remained essentially flat, rising a modest 0.5 per cent. While activity began to flourish again in the final months of 2024, following sluggish demand in most major markets over the summer, home price appreciation remained in check last quarter.\n \n\n \"There are several converging factors revitalizing\n \n Canada's\n \n real estate market and making home ownership more attainabl...