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.
Take care,
Michele
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.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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