53 key Canadian cities, is expected to increase 4.9 per cent by the end of 2018

53 key Canadian cities, is expected to increase 4.9 per cent by the end of 2018

  •  Impact of new stress test expected to be contained to first half of 2018 for most major markets
  • Still risk of high price appreciation in Greater Toronto Area and Greater Vancouver as chance of market correction fades
  • Compounding policies could have unintended consequences for struggling housing markets

Full read: https://www.royallepage.ca/realestate/news/new-osfi-stress-test-set-to-limit-national-home-price-appreciation-in-2018/#.WjF1aEqnGUl

Royal LePage Market Survey Forecast 

Region 2017 Aggregate Home Price(Estimate) 2018Aggregate Home Price

(Forecast)

Year-over-Year(%)
Canadian House Price Composite(53 Cities) $631,000 $661,919 4.9%
Greater Toronto Area $844,000 $901,392 6.8%
Greater Montreal Area $387,000 $408,285 5.5%
Greater Vancouver $1,287,000 $1,353,924 5.2%
Ottawa $444,000 $458,208 3.2%
Calgary $483,000 $494,109 2.3%
Edmonton $388,000 $382,180 -1.5%
Winnipeg $303,000 $315,120 4.0%
Halifax $319,000 $326,975 2.5%
Regina $327,000 $329,289 0.7%

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