House prices continued to climb last year in Canada although growth slowed in the latter part of 2017. The flurry of activity seen earlier in the year slowed as there was less inventory as well as some concern over new mortgage rules and how they would affect house prices.

Below is a summary of the change in house prices for 2017 for the major cities in Canada. Most of the reports we have been seen indicate that prices should remain fairly flat for 2018 after several years of remarkable growth.

Vancouver: 16%
Victoria: 11%
Hamilton: 11%
Toronto: 9%
Montreal: 7%
Ottawa-Gatineau: 5%
Winnipeg: 4%
Halifax: 3%
Calgary: 1%
Quebec: 1%
Edmonton: 1%

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For more information on our mortgage products and your preferred Abbotsford Mortgage Broker please visit our website at www.ymscanada.ca.