Royal LePage Canadian Home Price Update and Forecast Q3 2022


National aggregate home price set to end year modestly below 2021 following third quarter price declines in majority of Canadian markets.

Third quarter highlights:
  • National aggregate home price increased 3.3% year-over-year in third quarter of 2022; decreased 4.9% quarter-over-quarter
  • Prices remain well above pre-pandemic levels; Canada’s national aggregate home price increased 25.4% in Q3 over the same quarter in 2020, and 21.5% over the same quarter in 2019
  • National aggregate home price for the final quarter of the year forecast at -0.5% compared to Q4 of 2021, giving up gains made early in 2022
  • 58 of the report’s 62 regional markets posted quarterly aggregate home price declines in Q3
  • Prices decline on a quarterly basis in Greater Montreal Area for the first time in more than five years as market activity drops, following trend set in greater regions of Toronto and Vancouver in Q2
  • Major markets in Atlantic Canada and the Prairies show modest quarterly price declines in Q3; Calgary and Edmonton markets faring better than other major cities
Read the full article here.

Featured Properties

807 - 2025 MARIA STREET - Burlington (brant) Apartment for sale, 2 Bedrooms (W11280258)

807 - 2025 MARIA STREET

Single Family in Burlington (brant)

Royal LePage Real Estate Services Ltd., Brokerage (W11280258)

807 - 2025 MARIA STREET - Burlington (brant) Apartment for sale, 2 Bedrooms (W11235442)

807 - 2025 MARIA STREET

Single Family in Burlington (brant)

Royal LePage Real Estate Services Ltd., Brokerage (W11235442)

273 CAIRNCROFT ROAD - Oakville (eastlake) House for sale, 5 Bedrooms (W9365160)

273 CAIRNCROFT ROAD

Single Family in Oakville (eastlake)

Royal LePage Real Estate Services Ltd., Brokerage (W9365160)

64 BRENTWOOD ROAD - Oakville (old Oakville) House for sale, 5 Bedrooms (W9383234)

64 BRENTWOOD ROAD

Single Family in Oakville (old Oakville)

Royal LePage Real Estate Services Ltd., Brokerage (W9383234)

PH2 - 2170 MARINE DRIVE - Oakville (bronte West) Apartment for sale, 2 Bedrooms (W9398476)

PH2 - 2170 MARINE DRIVE

Single Family in Oakville (bronte West)

Royal LePage Real Estate Services Ltd., Brokerage (W9398476)

1688 GLENVISTA DRIVE W - Oakville (iroquois Ridge North) House for sale, 4 Bedrooms (W9304224)

1688 GLENVISTA DRIVE W

Single Family in Oakville (iroquois Ridge North)

Royal LePage Real Estate Services Ltd., Brokerage (W9304224)

PH2 - 2170 MARINE DRIVE - Oakville (1001 Br Bronte) Apartment for sale, 2 Bedrooms (W10404298)

PH2 - 2170 MARINE DRIVE

Single Family in Oakville (1001 Br Bronte)

Royal LePage Real Estate Services Ltd., Brokerage (W10404298)

64 BRENTWOOD ROAD - Oakville (1011 Mo Morrison) House for sale, 5 Bedrooms (W10404239)

64 BRENTWOOD ROAD

Single Family in Oakville (1011 Mo Morrison)

Royal LePage Real Estate Services Ltd., Brokerage (W10404239)

273 CAIRNCROFT ROAD - Oakville (1011 Mo Morrison) House for sale, 5 Bedrooms (W10403750)

273 CAIRNCROFT ROAD

Single Family in Oakville (1011 Mo Morrison)

Royal LePage Real Estate Services Ltd., Brokerage (W10403750)

1688 GLENVISTA DRIVE - Oakville (1009 Jc Joshua Creek) House for sale, 4 Bedrooms (W10403858)

1688 GLENVISTA DRIVE

Single Family in Oakville (1009 Jc Joshua Creek)

Royal LePage Real Estate Services Ltd., Brokerage (W10403858)

Recently Sold Properties


70 STEWART ST #201, OAKVILLE, ON
Lease List Price $2650/Mo


2320 WESTOAK TRAILS, OAKVILLE, ON
Lease List Price $3,390/Mo
*Buyer Transaction

2060 LAKESHORE RD #1001, BURLINGTON, ON
Lease List Price $5,800/Month
*Buyer Transaction

Would you like to know how much your home is worth in today's market? How to increase it's worth? What type of home improvements will give you the best return-on-investment? 

We can help!

 

 





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 

Stay Connected