Home prices in Canada to rise this year, Royal LePage says

Date:

July 13, 2024

Prices increase 1.9 per cent in second quarter even as number of properties bought and sold sag

Published Jul 13, 2024 • Last updated 1 hour ago • 3 minute read

Home sales in Canada, especially in the markets of Toronto and Vancouver, slumped in the second quarter, though prices rose 1.9%, a report from Royal LePage found. Photo by Postmedia

The national aggregate home price rose again in the second quarter and is expected to increase further by the end of the year, real estate firm Royal LePage said.

The aggregate price of a home in Canada rose 1.9 per cent year over year to $824,300 in the second quarter of 2024, up 1.5 per cent over the first quarter, according to the house price survey Royal LePage released on Thursday.

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Home prices in Canada to rise this year, Royal LePage says

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