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Royal LePage downgrades Q4 housing price forecast; expecting 7% increase

By Dale Oviatt posted 10-12-2023 11:31 AM

  

Real estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent.

The decrease reflects a sluggish third quarter in which the national aggregate home price rose 3.6 per cent year over year to $802,900, but fell 0.8 per cent on a quarterly basis.


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