A report by Royal LePage says the median price of a home in the fourth quarter of 2022 posted the first year\u002Dover\u002Dyear decline since 2008.
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In its house price survey, the real estate company says the median aggregate price of a home was $757,100 in the final quarter of last year, down 2.8 per cent compared with the end of 2021.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Home prices fell in 2022 as mortgage rates pushed higher, driven by the Bank of Canada’s interest rate hikes to fight inflation.It says the national aggregate home price in the fourth quarter of 2022 was up 13.8 per cent compared with the same quarter in 2020 and 17.2 per cent higher than in the fourth quarter of 2019.
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'The declines already happened': Why Royal LePage thinks home prices will flatten out in 2023Canadians can expect to see progressively slower price declines as the year goes on. Find out more.
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Canadian home prices remain well above pre-pandemic levels: Royal LePage - BNN BloombergCanadian home prices fell in the fourth quarter but they are still well above pre-pandemic levels, a report from Royal LePage found.
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'The declines already happened': Why Royal LePage thinks home prices will flatten out in 2023Canadians can expect to see progressively slower price declines as the year goes on. Find out more.
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Home prices in Q4 down year-over-year, first decline since end of 2008: reportA report by Royal LePage says the median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis.
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Home prices in Q4 down year-over-year, first decline since end of 2008: reportA report by Royal LePage says the median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis.
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Canadian home prices in fourth quarter down year-over-year, first decline since end of 2008: reportIn its house price survey, Royal LePage says the median aggregate price of a home was $757,100 in the final quarter of last year, down 2.8% compared with the end of 2021
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