Toronto and Vancouver Home Prices Expected to Decline Other Canadian Cities Anticipate Price Increases

The Royal LePage annual report forecasts a modest 1% increase in Canadian home prices by Q4 2026, with significant declines in Toronto (4.5%) and Vancouver (3.5%). In contrast, Montreal is expected to rise by 5% and Quebec City by 12%. The report attributes this to favorable market conditions, such as lower interest rates and increased supply, allowing first-time buyers a rare opportunity. Other markets, including Calgary and Winnipeg, anticipate smaller price increases, with detached homes driving gains.

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