National aggregate home price forecast to increase 5.5% year over year
in Q4 of 2024.
Key highlights from the 2024 Market Survey Forecast:
The aggregate price of a home in Canada is forecast to increase 5.5% year over year in Q4 of 2024
Nationally, single-family detached and condominium prices forecasted to increase 6.0% and 5.0%, respectively
Home prices are expected to show greatest increases in second half of 2024
Calgary aggregate home price projected to see greatest gains of all major markets at 8.0%
Aggregate price of a home in the greater regions of Toronto and Montreal are forecast to end next year 6.0% and 5.0% respectively above the final quarter of 2023, while Greater Vancouver is expected to see a more modest increase of 3.0%
Royal LePage forecast based on expectation that Bank of Canada will hold rates steady through first half of next year, and begin modestly easing rates in late summer or fall
Would you like to know how much your home is worth in today's market? How to increase it's worth? What type of home improvements will give you the best return-on-investment?
