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National Home Prices Close Out 2023 Above Prior Year Despite Continued Slowdown in Market Activity

Fourth Quarter Highlights::

  • National aggregate home price increased 4.3% year over year in Q4 2023; decreased 1.7% quarter over quarter
  • Aggregate home price in greater regions of Toronto, Montreal and Vancouver posted gains of 5.1%, 4.1% and 2.7% year over year, respectively, in final quarter of 2023
  • Among report’s major regions, Calgary recorded highest year over year price appreciation (10.7%); only major region to post quarterly price gains in Q4 2023 (1.5% over Q3)
  • 81% of regional markets posted a quarter-over-quarter decline
  • Approximately 2.2 million mortgages in Canada will be renewing over the next two years, most at a much higher interest rate
  • National aggregate home price expected to rise 5.5% year over year in Q4 of 2024
Read the full report here.

Recently Sold Properties


List Price $1,249,000
20 OAK RIDGE DRIVE, GLEN WILLIAMS, ON
List Price $2,495,000
*Buyer Transaction

List Price $1,399,000


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326 Lakeshore Road East  Oakville,  Ontario  L6J 1J6 

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