Housing prices continue to drop in Saskatoon: Royal Lepage

Postado Outubro 12, 2017

On the national level, Royal LePage found, the aggregate house price rose by 13.3 per cent year-over-year to $628,411.

Metro Vancouver condo prices surged in the third quarter says a new real estate price survey released Thursday.

Waterloo Region's housing market is no longer seeing rapid price increases the way it did earlier this year - but it isn't showing any signs of retreating to lower prices, either.

Home sales in Toronto have fallen since April when the Ontario government moved to cool the hot housing market with a package of changes, including the introduction of a tax on foreign buyers. "They should not. market conditions appear to have stabilized over the last four months", National Bank Financial economist Marc Pinsonneault said in a note to clients.

Soper also noted that in urban areas like Toronto and Vancouver, condominium prices have risen faster than any other housing type and will continue on that path for the foreseeable future as their affordability is attractive to first-time homebuyers.

Two recent interest rate hikes by the Bank of Canada have helped rein in demand, and analysts are divided over whether the market will manage a soft landing or see a USA style housing crash.

The national index, which includes 11 cities, fell 0.8 per cent compared with the previous month, the largest monthly decline since September 2010.

Calgary prices were up five per cent year-over-year, while Greater Vancouver showed a modest gain of 2.5 per cent after its market correction last year.

Toronto was up 18.0 per cent compared with September 2016, while Hamilton gained 19.5 per cent and Victoria added 14.7 per cent. Vancouver climbed 10.5 per cent compared with a year ago. The central bank has said it is closely watching how the economy and consumers react to higher borrowing costs.