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National Year End Forecast Downgraded Modestly Following Sluggish 3rd Quarter

Expect stable home prices through remainder of 2023 despite lower sales volumes.

Third quarter highlights:

  • Aggregate price of a home in Canada expected to increase 7.0% in Q4 2023 compared to same period last year, a slight decrease from the previous forecast of 8.5%
  • National aggregate home price increased 3.6% year over year in Q3 2023, decreased 0.8% on a quarter-over-quarter basis
  • Aggregate home prices in greater regions of Toronto and Vancouver posted modest quarterly declines in Q3 of 2.8% and 1.8%, respectively. Meanwhile, Greater Montreal Area posted 0.6% aggregate price increase quarter over quarter
  • More than half (57%) of regional markets in the report posted a quarter-over-quarter decline in Q3 as activity softened
  • Royal LePage applauds federal government’s GST rebate policy aimed at incentivizing new construction of purpose-built rental housing
Read the full report here.

Recently Sold Properties

List Price $2,399,000
*Buyer Transaction
List Price $1,199,000

List Price $4,750/Month
*Tenant Transaction

Royal LePage By the Numbers - October 2023


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326 Lakeshore Road East  Oakville,  Ontario  L6J 1J6 

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