Canada home price rises to cool in 2019

Next year will mark a return to more balanced levels of price appreciation, experts say

Ruth Saldanha 12 December, 2018 | 7:00PM

Home prices are expected to cool across Canada with an increase of 1.2% nationally in 2019, according to the Royal LePage Market Survey Forecast, while a RE/MAX 2019 Housing Market Outlook forecasts an average increase of 1.7%.

A correction is not expected in most markets, but the pace of growth has slowed down

"The Canadian housing market in 2019 will remain in the correctional cycle that began in 2018, where price gains and sales activity are below the long-term norm”, said Phil Soper, President and CEO of Royal LePage.

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Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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