Realtors see home prices regaining pandemic peaks once Canadians accept the 'new normal' in borrowing rates
Home prices should climb back to pandemic peaks by this time next year, says a new report that surveyed real estate brokers across the country.
Royal LePage predicts that the aggregate price of a home in Canada will rise 5.5 per cent year over year by the end of 2024 to $843,684.
“Based on this forecast, by the end of next year, home prices will have essentially climbed back to their pandemic peak, reached in the first quarter of 2022,” said the report.
#General#Industry