The best-case scenario -- which hinges on stay-at-home restrictions easing in the coming weeks -- would see home prices grow a modest 1 per cent by the end of the year, according to the Royal LePage House Price Survey and Market Survey Forecast. The aggregate value of a Canadian home would come to $653,800.
The aggregate price of a home in Canada climbed 4.4 per cent year-over-year in the first quarter of 2020. In December 2019, Royal LePage had forecast an increase of 3.2 per cent by the end of 2020, but that expected growth had to be revised due to the COVID-19 pandemic.
Real estate company dependent on a stable housing market for commissions, insists that house prices will grow throughout the impending recession. Who would have guessed?
Lol yup with over 1 mil people without jobs. Makes sense. Sheesh
Prices have already come down, especially downtown. Also, Airbnb property owners will need to sell or try to rent long term.
not for long The market has been overpriced for years and a reckoning coming soon
who is going to purchase a house without seeing it? virtual tours dont show the potential water leaking from the roof or virtual smell from dead squirrels in the attic .
Should remain stable -Yes! - as in nothing is selling
...by using our tax dollars to prevent any free market interference.
Actually?
lol