Real Estate in Canada in 2014

MONEY
January 9, 2014 8:34 am
Royal LePage sees ‘no slowdown’ in housing this year

By Staff The Canadian Press
2
1
15

more

Royal LePage sees sellers continuing to benefit from rising home prices this year.
Getty Images
TORONTO – The latest Royal LePage housing survey shows average price of a home in Canada increased between 1.2 per cent and 3.8 per cent in the fourth quarter of 2013.

It says the average cost of a standard two-storey home rose 3.6 per cent year-over-year to $418,282, while detached bungalows went up 3.8 per cent to $380,710.

Royal LePage says the price of a standard condominium rose 1.2 per cent during the quarter to an average of $246,530.

RELATED STORIES

Condo market braces for period of ‘turbulence’
Hot year for real estate sales
READ MORE: Paying for the boom — an in-depth look at housing markets across the country

The real estate company says prices are expected to maintain a ‘‘healthy momentum‘‘ this year and rise a projected 3.7 per cent over 2013.

CEO Phil Soper says late 2013 saw the housing market transition to ‘‘buoyant sales volumes‘‘ and above-average growth.

He says that in the absence of ‘‘some calamitous event or material increase in mortgage financing costs,‘‘ he expects positive momentum to characterize 2014.

“We predict continued upward pressure on home prices as we move towards the all-important spring market.‘‘ he said.

“Talk of a ‘soft landing’ for Canada’s real estate market in the new year is misguided,‘‘ continued Soper.

‘‘We expect no landing, no slowdown, and no correction in the near-term. Conditions are ripe for as strong a market as we saw in the post-recessionary rebound of the last decade.”

HOME PRICES

HOUSING

REAL ESTATE

ROYAL LEPAGE
2
1
15

MORE STORIES
CANADA

Key takeaways for Canada’s housing market in 2014

Condo market braces for period of ‘turbulence’

Bank of Canada lays out possible housing downturn scenario

As home sales climb, Bank of Canada still sees ‘soft landing’

Re/Max sees ‘exceptionally healthy’ housing market next year

Home sales in 2013 will outpace 2012: CREA

INFOGRAPHIC: Calgary real estate market red hot in 2013

Canadians reaching limit on how much they can borrow: bank CEOs

For sale in Montreal: Under $100,000

Looking to rent a place in Edmonton? Get in line

COMMENTS

POPULAR NOW

25 happiest cities in Canada
27869

Neil Young responds to criticism from Prime Minister’s Office
14849

Police raid Justin Bieber’s house but singer not arrested
11278
FEATURED CONTENT

CONSUMER

With new entrant signals weakening, what happens to wireless prices?

The exit of Wind Mobile from an auction for new airwaves has put wireless prices across the country at risk of rising, experts say. Continue reading →

CANADA

5 ways Canadian scientists are addressing mental health in developing countries

Innovative made-in-Canada projects are developing ways to help people with mental health in the most far-flung places in the world. Continue reading →

HEALTH

MTV’s ’16 and Pregnant’ may have halted teen pregnancy rate

A new study is suggesting that 16 and Pregnant, an MTV reality show, may have helped to prevent thousands of teenage pregnancies. Continue reading →

CANADA

Campaign urges soldiers to connect to fight mental illness stigma, suicide

A social media campaign is encouraging soldiers to come together and act as a support system for fellow comrades. Continue reading →

CANADA

Neil Young responds to criticism from Prime Minister’s Office

The Canadian musician is waging a war of words with the PMO over the Alberta oilsands. Continue reading →

FEATURES

Unique skill turns into a business for Alberta man with autism

He may not be able to read or speak, but Brad Fremmerlid has a knack for something many of us often find tedious and difficult. Continue reading →
HIGHLIGHTS

Spectrum auction 101

Here’s what you need to know about an important auction for cellphone airwaves kicking off in Ottawa today. Continue reading →

Digital memories: Are all your eggs in one basket?

By Sidneyeve Matrix Contributor

You’ve organized your closet, your work and your life. Have you organized your data so it doesn’t get lost? Continue reading →
EMAIL ALERTS

Sign up for daily Globalnews.ca newsletters and breaking news alerts

Email Address

National Daily News
National Breaking News
Regina Daily News
Regina Breaking News
By clicking on the submit button, I have read, understood and agreed to our privacy policy

TWITTER

9 minutes ago

Globalnews.ca
@globaltvnews
U.S. judge strikes Oklahoma same-sex marriage ban ow.ly/sAAVo

23 minutes ago

Globalnews.ca
@globaltvnews
Family of reporter arrested in #Egypt wants Ottawa to do more ow.ly/sAzvw

43 minutes ago

Globalnews.ca
@globaltvnews
Travelling to #Thailand? What you need to know about the #Bangkok protests ow.ly/sAxsY

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s