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Canadian Real Estate Market Shows Signs Of A Sustainable Recovery With Modest Price Gain Of 1.1% In Second Quarter

by benzinga.com posted 1week ago 141 views
TORONTO, July 10, 2019 /CNW/ - According to the Royal LePage House Price Survey1 released today, low interest rates and healthy employment have offset the market drag caused by widespread economic uncertainty that has kept monthly unit sales volumes below the ten-year average2 leading to very modest home price appreciation at the national level. The Royal LePage National House Price Composite, compiled from proprietary property data in 63 of the nation's largest real estate markets, showed that the price of a home in Canada increased 1.1 per cent year-over-year to $621,696 in the second quarter of 2019.

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