Early signs that Vancouver housing market correction may be over: Royal LePage
TORONTO — Royal LePage says early evidence suggests that the recent correction in Vancouver’s housing market may be short-lived.
The realtor released a report Tuesday saying Canada’s two largest real estate markets continued their divergence in the first quarter of the year.
The aggregate price of a home in the Greater Toronto Area rose by an “unprecedented” 20 per cent across all housing types to $759,241 in the first three months of 2017.
In the Greater Vancouver area, the price of a home rose 12.3 per cent year-over-year to $1,179,482.