Just released this week The Royal LePage House Price Survey is an interesting read. The comments on mortgage policy and market conditions Canada wide fall in line with what other experts in the industry that I have been listening to are saying.
I completely agree with the comments about the Greater Vancouver Market.
If you want to dive deeper into what is happening specifically in your neighbourhood or property type I would be very happy to chat anytime.
P.S. While the flip book is cool I found it much easier to read once downloaded.
With Demand Outpacing Supply, Royal LePage Adjusts Forecast Upward Following Stronger-than-Expected Start to 2023
According to the Royal LePage House Price Survey released today, the aggregate price of a home in Canada decreased 9.2 percent year-over-year to $778,300 in the first quarter of 2023. On a quarter-over-quarter basis, however, the aggregate price of a home in Canada rose 2.8% in Q1 2023.
Single-digit price gains in first quarter was driven by early return of sidelined buyer demand and continued shortage of inventory.
Vancouver post quarterly aggregate price gains of 1.3% in the first quarter.
The national aggregate home price is forecast to increase 4.5% year-over-year in Q4 2023.
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