News: Vancouver Real Estate Market

Royal LePage's Q2 2022 House Price Update and Market Forecast

Increased supply and slowing sales push Greater Vancouver toward balanced market for the first time in more than two years

Royal LePage House Price Survey

Key highlights from the release include:
  • Royal LePage reduces national home price forecast to +5.0% in fourth quarter of 2022; expects home prices to hold relatively flat through the second half of the year in greater regions of Toronto and Vancouver. Greater Montreal Area expected to see continued price appreciation.
  • National aggregate home price increases 12.1% year-over-year in second quarter of 2022; decreases 4.9% quarter-over-quarter.
  • An uneven market recovery is expected as some regions experience continued price appreciation, while others soften.
  • Interprovincial migration to affordable real estate markets supports home price growth in Alberta, Prairies and Atlantic Canada.
  • Royal LePage cautions policy makers that growing inventory is masking an acute urgency to solve Canada’s housing supply crisis.
Click here to read more.
Comments:
No comments

Post Your Comment:

Blogs
Posts By Date
Categories
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.