Home prices in Canada climbed 1.9 per cent in the second quarter of the year, Royal LePage said in a report released Thursday. Home prices in Canada climbed 1.9 per cent in the second quarter of the year, Royal LePage said in a report released Thursday, even as inventory levels climbed, activity slowed and prospective buyers remained on the sidelines.
“Canada’s housing market is struggling to find a consistent rhythm, as the last three months clearly demonstrated,” Soper said in a statement. A Royal LePage survey conducted by Leger earlier this year found that 51 per cent of sidelined homebuyers said they would resume their search if interest rates reversed. Just 10 per cent said a 25 basis point hike would be enough to get them back into the market, while 18 per cent said they would need rates to be between 50 and 100 basis points lower, and 23 per cent said they would need to see more than 100 basis points of cuts get off the sidelines.
Kevin O'Leary says court ruling will have 'major impact' on energy sector — how to get in on the actionAt GOBankingRates, we recently wrote about Barbara Corcoran's prediction that housing prices "are going to go through the roof." She had said during a Fox Business Interview that while we are...
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