Montreal skyline as seen from the top of Mount Royal

Market Outlook

With every new year comes a new set of factors that affect real estate prices. 2017 will be impacted by US politics and exchange rates, changes to Canadian Mortgage rules and of course the classic supply and demand chain reaction.

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Royal LePage House Price Survey and 2017 Forecast

Canada’s residential real estate market saw significant year-over-year price appreciation in the fourth quarter of 2016, supported by considerable gains in the Greater Toronto Area (GTA) and Greater Vancouver, according to the Royal LePage House Price Survey[1] and Market Survey Forecast released today. Looking ahead, Royal LePage expects the regional extremes in house price appreciation that characterized the national real estate market in 2016 to narrow in 2017.

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