Signs of Ottawa home prices levelling off are likely to be short-lived, according to a major Canadian real estate firm.
Royal LePage said in a forecast Wednesday that it expects aggregate local home prices to reach $738,200 in the fourth quarter, up 17 per cent year-over-year and an increase of more than four per cent from mid-2021.
Echoing observations made by the Ottawa Real Estate Board earlier this month, Jason Ralph – the managing partner of Royal LePage Team Realty – noted that the supply of homes for sale is increasing and that it’s taking longer for them to sell relative to the pace of activity seen earlier in the year.
Pattie Lovett-Reid: BoC should be careful what it wishes for
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Le prix des propriétés encore en hausse à Sherbrooke - AFFAIRES & JURIDIQUE - Affaires & juridique - Estrieplus com
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La croissance immobilière à la baisse pour le troisième trimestre, prévoit Royal LePage
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