Royal LePage forecasts that aggregate Canadian home prices will rise nine per cent in Q4 of this year compared with the end of 2023. In Business Matters for Friday, April 12, Anne Gaviola has more on why the CEO of the realty firm says the country’s housing market has reached a critical tipping point.
“After a long hibernation, the spring market is now officially underway,” said CREA chair James Mabey in a statement. “The increase in listings is resulting in the most balanced market conditions we’ve seen at the national level since before the pandemic.”delivered to your email every Saturday. “But, for those who can, it’s the first spring market in some time where they can shop around, take their time and exercise some bargaining power,” he said.
The national housing agency says the seasonally adjusted annual rate of housing starts in Canada came in at 240,229 units for April, down from 242,267 in March.