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%
If you need any advice on your personal situation please contact our office at 604-556-3893 or email at alex.kotai@ymscanada.ca.
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