Canada’s housing market outlook turns in buyers’ favour this fall
Average residential prices rose in 56% of markets, with declines clustered in the costliest metros.
REMAX projects the Greater Toronto Area average will close the year at $975,436, down 5.5%, and Greater Vancouver at $1,406,305, down 2.1%.
Smaller centres are moving the other way. St. John’s Metro is tracking a 10% gain and Saskatoon 6%, while limited inventory lifted Thunder Bay prices 10.5% through July.
Every Atlantic market analyzed posted price gains over that period, even as sales fell across the region.
“The market has not become easy for buyers, but in many regions, it is allowing for a more deliberate purchasing process,” said Don Kottick, president of REMAX Canada.
