Election 2019: Promises will increase prices

Making borrowing easier without stimulating supply will push prices higher, and could make it harder to afford homes

Andrew Willis 17 October, 2019 | 1:59AM

Small model house with set of keys next to it

The Canadian housing market has heated up again since cooling measures came into effect, raising concerns about overall affordability. A recent Royal LePage survey found that aggregate price of a home in Canada has continued to post steady year-over-year gains.

The median price of a home in Canada increased 1.4% year-over-year to $630,335 in Q32019. Looking to Q42019, Royal LePage forecasts that the aggregate price of a home in Canada will rise 1.5% to $632,226.

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Andrew Willis

Andrew Willis  Andrew Willis is a content editor for Morningstar.ca.

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