Aggregate Home Price to Rise 9 Percent Across Canada By End of Year: Royal LePage

Published on April 12, 2024

Housing prices will increase 9 percent in the fourth quarter of 2024 compared with the year prior, according to a forecast from Royal LePage that cited “stronger-than-expected” results at the start of 2024. The aggregate price of a home in Canada rose 4.3 percent year-over-year to $812,100 in the first quarter of 2024, according to the real estate company’s newly released house price survey. Royal LePage president and CEO Phil Soper said the first quarter saw sidelined buyers rebooting their purchase plans in advance of a more competitive housing market if interest rates drop as expected this summer. “Consistent with our previous forecast, the market did reach a critical tipping point in the first quarter of 2024, when home prices bottomed out and began to appreciate again,” Mr. Soper said in a press release....

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4 Arrested After $300,000 in Legos Stolen in Southern California

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