The real estate brokerage had initially forecast Canadian home prices to rise by 10.5 per cent in 2022 but itthat it expects prices to be up 15 per cent by the fourth quarter of 2022, driven by a continued acceleration in the Greater Toronto Area.
Speaking with CP24 on Tuesday morning, Royal LePage President and CEO Phil Soper said that while there are signs that there could be some change afoot in the market, with the number of listings “increasingly slightly” in recent months, there is nothing to suggest that a correction is on the horizon. Real estate prices have surged during the COVID-19 pandemic and in the first quarter of 2022 the average price of a detached home in four Golden Horsehsoe communities - Barrie, Cambridge, Kitchener-Waterloo and Oshawa – all surpassed $1 million for the first time.
They will lie thru their teeth to squeeze the last bit of money from the buyers. Never believe a word from ppl who have skin on the game. Conflict of interest.
What signs? Lol, Cmon guys, 8 months ago houses were going for a million $$ and now the same homes are going for $1.8 - $1.9 million
who the hell are buying these homes? you need an income of about 200k just to buy the average home and yet everyone seems to be able to get mortgages for making half that. something is so wrong
Yes, keep playing the greater fool game. House prices only go up. Ignore the soaring rates.
One last pump in hopes to spur demand. Let see how this plays out.
3.70% heloc, 3.5-4% 5 year fixed , if we get another 50 bps the market is toast
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‘It’s growth upon growth.’ Royal LePage sees house prices rising in 2022, despite cooling marketThe real estate service adjusted its annual forecast for the GTA to a 16 per cent increase, up from 11 per cent. Living wages pegged to productivity, dignity at work and social mobility, or gtfo corporate parasites. Mass mobilization, general strikes and direct action ftw. Kick them in the capitalism until they beg for mercy. Clip and save this. Rates have a lot further to go and prices gonna rose another 15? No , not gonna happen. *Says the company that benefits the most from price speculation.
Source: TorontoStar - 🏆 60. / 55 Read more »
‘It’s growth upon growth.’ Royal LePage sees house prices rising in 2022, despite cooling marketThe real estate service adjusted its annual forecast for the GTA to a 16 per cent increase, up from 11 per cent. Living wages pegged to productivity, dignity at work and social mobility, or gtfo corporate parasites. Mass mobilization, general strikes and direct action ftw. Kick them in the capitalism until they beg for mercy. Clip and save this. Rates have a lot further to go and prices gonna rose another 15? No , not gonna happen. *Says the company that benefits the most from price speculation.
Source: TorontoStar - 🏆 60. / 55 Read more »
Canadian home prices dip 2.5% in March from February as market shows signs of cooling offThe national average selling price dipped to $796,000 from $816,720 in February, though it was up 11.2% on the year Long way to go yet. Anyone buying at these prices is foolish.
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Canada's housing market cooled off in March with lower sales and average prices compared to February | CBC NewsCanada's red-hot real estate market showed signs of cooling down in March as both the number of homes sold and the average selling price declined from the previous month's level. Be smart, move out of that Fat man commie run province and move to N/B where you can buy a house on the ocean for 500k and there are huge job opportunities . Some people are learning not to trust real estate agents! Still $100.K over asking price in Halifax NS
Source: CBCNews - 🏆 2. / 99 Read more »