Real Estate updates

House sales increase in Q4 but prices decline.

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by Don Sutton
January 8th, 2013

Online only.

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Realtor Royal LePage is reporting today that average housing prices increased between 2 and 4% per cent in Q4 of 2012 compared with the year before, although prices declined in all three tracked categories of home (detached bungalows, standard two-storey and standard condominiums.) The company is forecasting that house sales volumes will slow slightly in the new year but is not forecasting a significant slowdown.

Meanwhile The Canadian Press reports Royal Bank CEO Gord Nixon, speaking at an RBC conference, says a decline in the Canadian real estate market is impacting mortgage lending at the bank but he says there is no need for alarm; he is confident Canada’s housing market will continue to be stable.

11 comments on “Real Estate updates

    • Yup.. Sounds like a good time to do some property hunting

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  1. Thank you for sharing such nice information about real estate. real estate is very important for today's life

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  2. This tightening of the mortgage rules, the fourth since 2008, largely explains the expected slowdown in Québec’s residential real estate market in 2013.

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  3. Just in time! I'm looking for the best deals in the real estate industry right now.

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  4. House prices will continue to rise in Toronto (primarily the core or on subway lines)…it is a supply and demand situation.

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  5. The only way to keep prices from going lower is to flush out banks inventory of non performing loans.

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  6. Your blog really brought some things to light that I never would have thought about before reading it.

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  7. My experience is giving me the impression that the real estate market is getting a lot stronger

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  8. even though this was published toward the beginning of the year and is now around July of 2013, it sitll surprises me how fast the real estate market is bouncing back.

    Reply

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