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2019 Royal LePage Market Survey Forecast

Posted By:  Susan Forrest on Dec 12, 2018

Just Released: 2019 Royal LePage Market Survey Forecast

The 2019 Royal LePage Market Survey Forecast was released to the media early this morning. 

Key highlights from the national release include:

  • According to the 2019 Royal LePage Market Survey Forecast released today, home prices across the country are expected to appreciate at a low single digit rate in 2019. Nationally, the median price of a home is forecast to increase slightly by 1.2 per cent to $638,257.
  • The 2019 market owes its tepid pace to a host of uncertainties beyond the price overshooting of recent years. This includes slowly rising interest rates, global trade risks, the persistently low price of Canadian export oil, and regulatory intervention, particularly in British Columbia.
  • When comparing major metropolitan regions nationwide, the median price of a home in the Greater Montreal Area is expected to see the largest gains, with home prices expected to rise by 3.0 per cent to $421,306.

Regional insights can be found by clicking the link below.

Canadian Housing Correction Continues

If you're thinking of buying or selling a home, condo, lot or land on Vancouver Island BC, contact the real estate professionals of Team Susan Forrest Royal LePage Parksville-Qualicum Beach, serving the Mid Island area including Nanoose Bay, Errington, Coombs, Hilliers, Whiskey Creek, Fairwinds, Craig Bay, French Creek, Qualicum Bay, Qualicum North, Horne Lake, Beachcomber, Rivers Edge, San Pareil, Lantzville, and Nanaimo

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