Business
Royal LePage: Spring housing market poised for continued price growth following double-digit gains in fourth quarter
Royal LePage: Spring housing market poised for continued price growth following double-di...
About this update from Bridgemarq Real Estate Services, Inc.
[{"type":"text","content":"\n \n \n \n Royal LePage: Spring housing market poised for continued price growth following double-digit gains in fourth quarter\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{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Fourth quarter highlights:\n \n \n \n \n National aggregate home price increased 17.1% year-over-year in final quarter of 2021\n \n \n 87% of the report's 62 regions saw double-digit year-over-year aggregate price growth in Q4\n \n \n 61% of the report's 62 markets saw a quarterly aggregate price increase of 3% or greater\n \n \n \n Kingston, Ontario\n \n , posts highest year-over-year aggregate and detached home price gains in\n \n Canada\n \n (38.1% and 44.3%, respectively)\n \n \n High demand oustripping low inventory at start of 2022 signals further home price gains going into spring market\n \n \n \n \n TORONTO\n \n ,\n \n Jan. 14, 2022\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 17.1 per cent year-over-year to\n \n $779,000\n \n in the fourth quarter of 2021.\n \n Canada's\n \n real estate market has sustained another year of record prices, as strong buyer demand continues to outpace supply in almost every market from coast to coast.\n \n \n \"Like a bad dream that disrupts your sleep for months on end, we ushered in 2022 with a fresh round of pandemic restrictions designed to combat a new wave of infections. Asked to stay away from the workplace and unable to travel even locally for entertainment, thousands of Canadians have been redirecting their growing savings into improving living conditions, as the family home doubles as office, restaurant and schoolroom,\" said\n \n Phil Soper\n \n , president and CEO of\n \n Royal LePage...