Business
Royal LePage adjusts 2022 national home price forecast lower to 5% over 2021 to reflect softening markets in Ontario and British Columbia
Royal LePage adjusts 2022 national home price forecast lower to 5% over 2021 to reflect s...
About this update from Bridgemarq Real Estate Services, Inc.
[{"type":"text","content":"\n \n \n \n Royal LePage adjusts 2022 national home price forecast lower to 5% over 2021 to reflect softening markets in Ontario and British Columbia\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; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial\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 Second quarter records first quarter-over-quarter national decline since Q1 2019\n \n \n \n \n \n Second quarter highlights:\n \n \n \n \n National aggregate home price increases 12.1% year-over-year in second quarter of 2022; decreases 4.9% quarter-over-quarter.\n \n \n \n Royal LePage\n \n reduces national home price forecast to +5.0% in fourth quarter of 2022; expects home prices to hold relatively flat through the second half of the year in greater regions of\n \n Toronto\n \n and\n \n Vancouver\n \n .\n \n Greater Montreal Area\n \n expected to see continued price appreciation.\n \n \n An uneven market recovery is expected as some regions experience continued price appreciation, while others soften.\n \n \n Interprovincial migration to affordable real estate markets supports home price growth in\n \n Alberta\n \n , Prairies and\n \n Atlantic Canada\n \n .\n \n \n \n Royal LePage\n \n cautions policy makers that growing inventory is masking an acute urgency to solve\n \n Canada's\n \n housing supply crisis.\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n July 13, 2022\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 12.1 per cent year-over-year to\n \n $815,000\n \n in the second quarter of 2022. On a quarterly basis, the aggregate price of a home in\n \n Canada\n \n decreased 4.9 per...