MACKEY & McCORMICK - Facts & Figures September 2024

Real Estate Rebound: Canada's sluggish housing markets in recovery mode following third straight interest rate cuts

Further rate decreases expected to set the stage for an early spring market

Key highlights from the national release include:

The national aggregate home price rose a modest 1.6% year over year in Q3 2024, and decreased 1.1% over Q2.
Greater Montreal’s aggregate home price increased 5.2% year over year, while the greater Toronto and Vancouver markets showed little change, rising 0.7% and 0.5%, respectively.
For the second consecutive quarter, Quebec City recorded the highest year-over-year aggregate price increase (10.5%) in Q3 among the report’s major regions.
Major markets in the prairie provinces continue to show resilience and strength, as tight supply pushed prices upward in Q3.
Royal LePage expects home prices to remain stable through Q4; forecasts pull-ahead of spring market on expectation of continued easing of lending rates.

Read the full report here.

Featured Properties

807 - 2025 MARIA STREET

Single Family in Burlington (brant)

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

807 - 2025 MARIA STREET

Single Family in Burlington (brant)

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

273 CAIRNCROFT ROAD

Single Family in Oakville (eastlake)

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

64 BRENTWOOD ROAD

Single Family in Oakville (old Oakville)

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

PH2 - 2170 MARINE DRIVE

Single Family in Oakville (bronte West)

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

1688 GLENVISTA DRIVE W

Single Family in Oakville (iroquois Ridge North)

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

PH2 - 2170 MARINE DRIVE

Single Family in Oakville (1001 Br Bronte)

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

64 BRENTWOOD ROAD

Single Family in Oakville (1011 Mo Morrison)

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

273 CAIRNCROFT ROAD

Single Family in Oakville (1011 Mo Morrison)

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

1688 GLENVISTA DRIVE

Single Family in Oakville (1009 Jc Joshua Creek)

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

Recently Sold Properties

2025 MARIA ST #406, BURLINGTON, ON

List Price $1,299,000

102 GROVEWOOD COMMON #423, OAKVILLE, ON

List Price $599,000

16 CONCORD PL #1002, GRIMSBY, ON

List Price $679,900

*Buyer Transaction

100 BRONTE RD #307, OAKVILLE, ON

List Price $999,000

128 GROVEWOOD COMM #125, OAKVILLE, ON

List Price $2375.00/Month

620 MEADOW LANE, BURLINGTON, ON

List Price $899,900

*Buyer Transaction

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