289-242-5977 | blair@blairandpeter.ca

416-938-4267 | peter@blairandpeter.ca


Royal LePage's Q2 2024 Home Price Update

After a stronger first quarter, rising inventory levels and muted homebuyer activity tipped the Canadian real estate market closer to balanced conditions in Q2 2024. Despite the highly-anticipated cut to the Bank of Canada’s key lending rate in June, many homebuyers remain at bay, likely waiting for more decreases to be made.

Key highlights from the national release include:

  • National aggregate home price rose 1.9% year over year in Q2 2024; up 1.5% over Q1
  • Toronto and Vancouver report slower-than-usual market activity this spring as inventory builds, while demand continues to outpace supply in prairie provinces and Quebec
  • Quebec City records highest year-over-year aggregate price increase (10.4%) in Q2 among report’s major regions
  • Royal LePage maintains national year-end forecast with prices expected to increase 9.0% in Q4 2024 over the same period last year
Read the full report  here.

Featured Properties

2134 BERRYMAN Court - Burlington House for sale, 5 Bedrooms (40676985)

2134 BERRYMAN Court

Single Family in Burlington

Royal LePage Real Estate Services Ltd., Brokerage (40676985)

2175 MARINE Drive Unit# 301 - Oakville Apartment for sale, 3 Bedrooms (40674293)

2175 MARINE Drive Unit# 301

Single Family in Oakville

Royal LePage Real Estate Services Ltd., Brokerage (40674293)

2170 MARINE Drive Unit# PH2 - Oakville Apartment for sale, 3 Bedrooms (40662695)

2170 MARINE Drive Unit# PH2

Single Family in Oakville

Royal LePage Real Estate Services Ltd., Brokerage (40662695)

64 BRENTWOOD Road - Oakville House for sale, 5 Bedrooms (40656583)

64 BRENTWOOD Road

Single Family in Oakville

Royal LePage Real Estate Services Ltd., Brokerage (40656583)

273 CAIRNCROFT Road - Oakville House for sale, 5 Bedrooms (40648192)

273 CAIRNCROFT Road

Single Family in Oakville

Royal LePage Real Estate Services Ltd., Brokerage (40648192)

1688 GLENVISTA Drive - Oakville House for sale, 4 Bedrooms (40641901)

1688 GLENVISTA Drive

Single Family in Oakville

Royal LePage Real Estate Services Ltd., Brokerage (40641901)

398 WINSTON CHURCHILL Boulevard - Oakville House for sale, 5 Bedrooms (40637366)

398 WINSTON CHURCHILL Boulevard

Single Family in Oakville

Royal LePage Real Estate Services Ltd., Brokerage (40637366)

8 INVERHURON Trail - Oakville House for sale, 5 Bedrooms (40635353)

8 INVERHURON Trail

Single Family in Oakville

Royal LePage Real Estate Services Ltd., Brokerage (40635353)

Recently Sold Properties


2409 MARINE DR, OAKVILLE, ON
List Price $1,450,000
*Buyer Transaction

24 ORCHARD HILL, HAMILTON, ON
List Price $1,149,000
*Buyer Transaction

140 JOHN ST, OAKVILLE, ON
List Price $2,270,000

2433 POSTMASTER DR, OAKVILLE, ON
List Price $1,149,000
*Buyer Transaction


 

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2024 Canadian Renters Report

More than a quarter of renters in Canada plan to purchase a home within the next two years.

June 2024 Market Update Report

GTA Market Sees More Listings, Stable Prices
Our "Under the Hood" 
Look at the Oakville Numbers



Get In Touch

MACKEY & McCORMICK

Phone: 905.845.4267

EMAIL

Office Info

Royal LePage Real Estate Services

326 Lakeshore Road East  Oakville,  Ontario  L6J 1J6 

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