Global News published this video item, entitled “2024 real estate outlook predicts return to peak Canadian home prices: Royal LePage report” – below is their description.
One of Canada’s largest real estate companies, Royal LePage, forecasts a return to peak home prices by the end of next year in preparation for what could be an active market.
Its 2024 outlook, released on Thursday, suggests national aggregate home prices will increase by 5.5 per cent by the end of 2024. But those increases will depend on the Bank of Canada dropping its interest rate by late summer or early fall.
The report suggests home prices could increase between three to six per cent in Toronto, Montreal and Vancouver, while they expect prices to jump eight per cent in Calgary with the Alberta market seen as a more affordable alternative.
Global’s Kyle Benning reports.
For more info, please go to https://globalnews.ca/news/10169802/home-price-declines-ontario-markets-seeing-drops/
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The Royal LePage report predicting a return to peak Canadian home prices in 2024 suggests a market shift. Exploring the factors influencing this prediction will aid stakeholders in understanding the dynamics of the real estate landscape.