Royal LePage projects the aggregate price of a home in Canada will be 4.5% higher in Q4 of 2023 than in Q4 of 2022. Find out more.
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The real estate firm’s first quarter 2023 house price survey and market forecast, released April 13, projects the aggregate price of a home will be 4.5 per cent higher in the fourth quarter of 2023 than in the final quarter of 2022, well up from the previous forecast of a modest one per cent decrease.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
This bump is “quite a change” in just three months since the beginning of 2023, Soper said, adding that recovery has been stronger for a few reasons, including steady interest rates and stronger-than-anticipated employment rates.
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