Real Estate Market Canada 2016
House Price Survey and Market Forecast 2016 released today by Royal LePage Canada.
Some of the highlights:
- Canada’s residential real estate market continued to show strong appreciation in the second quarter of 2016, posting the highest national year-over-year gain seen in five years.
- The cooling of Canada’s hottest real estate markets is delayed again as central bankers are expected to keep interest rates lower for longer in light of Brexit and global uncertainty.
- Looking ahead to the remainder of 2016, Royal LePage forecasts that the aggregate price of a home in Canada will increase 12.4 per cent when compared to year end 2015.
- According to our recent Royal LePage Advisor Survey on foreign buyer activity in the Greater Vancouver and Greater Toronto Area, while a majority of respondents confirmed that foreign buyer activity increased in 2016 year-over-year, 35 and 37 per cent of respondents believe that foreign buyers account for less than 10 per cent of the GTA and Greater Vancouver housing markets, respectively.
For the full details:
Real Estate Report Canada Royal LePage Detailed Report
National House Price Report 53 City Composite
Real Estate Market Summary by Region
Please contact us if you have any questions or comments. Thanks!
Christine Ng is a Real Estate Broker with Royal LePage Signature Realty, and can be reached at: firstname.lastname@example.org, 416.443.0300.