Housing market has hit the predicted “soft landing” says Royal Le Page

Housing market has hit the predicted “soft landing” says Royal Le Page

Housing market has hit the predicted “soft landing” says Royal Le Page Real estate brokerage Royal Le Page says that the Canadian housing market has hit the predicted soft landing with price increases now slower-than-normal. Even so, prices did increase by between 3.8 per cent and 6.6 per cent in the first quarter of this year compared to a year earlier. Detached bungalow prices rose 6.6 per cent to an average of $405,985. Two-storey detached home prices were up 5.3 per cent to $451,462 with Condos up 3.8 per cent to $261,782. The firm says that consumer sentiment has been affected by the oil industry decline but lower interest rates have offset some of the impact.