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Canada House Prices Are Projected To Drop In 2023 — Montreal & Toronto Included

Royal LePage has released its 2023 Canada housing price forecast showing some good news for prospective homebuyers. Across the country, median home prices are projected to drop by 2.4% in the first quarter of 2023 compared to the fourth quarter of 2022. That could mean a whopping 12% average difference in median prices between Q1 of 2022 and Q1 2023. The regional breakdowns show good news for Montreal, Toronto and Vancouver, but a mixed bag everywhere else. Nationwide, prices could pick back up by the end of 2023, but still see an overall decline of 1% compared to the fourth quarter of 2022. ....

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