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Real estate rebound: Canada's sluggish housing markets in recovery mode following third straight interest rate cut
Real estate rebound: Canada's sluggish housing markets in recovery mode following third straight ...
About this update from Bridgemarq Real Estate Services, Inc.
[{"type":"text","content":"\n\n\n\n Real estate rebound: Canada's sluggish housing markets in recovery mode following third straight interest rate cut\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 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\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 Further rate decreases expected to set the stage for an early spring market\n \n\n\n\n\n Third-quarter highlights:\n \n\n\n\n The national aggregate home price rose a modest 1.6% year over year in Q3 2024, and decreased 1.1% over Q2.\n \n\n\n Greater Montreal's\n \n aggregate home price increased 5.2% year over year, while the greater\n \n Toronto\n \n and\n \n Vancouver\n \n markets showed little change, rising 0.7% and 0.5%, respectively.\n \n\n For the second consecutive quarter,\n \n Quebec City\n \n recorded the highest year-over-year aggregate price increase (10.5%) in Q3 among the report's major regions.\n \n\n Major markets in the prairie provinces continue to show resilience and strength, as tight supply pushed prices upward in Q3.\n \n\n Royal LePage\n \n ®\n \n expects home prices to remain stable through Q4; forecasts pull-ahead of spring market on expectation of continued easing of lending rates.\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Oct. 10, 2024\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 increased 1.6 per cent year over year to\n \n $815,500\n \n in the third quarter of 2024. On a quarter-over-quarter basis, however, the national aggregate home price decreased 1.1 per cent, following sluggish activity in most – though not all – markets through the summer months. Coast to coast, sales volumes began to pick up in September, and more than one third (38%) of regional markets covered in the report r...