{"id":19573,"date":"2023-07-16T01:41:12","date_gmt":"2023-07-16T08:41:12","guid":{"rendered":"https:\/\/essential.construction\/news\/royal-lepage-says-average-home-price-down-0-7-year-over-year-in-second-quarter\/"},"modified":"2023-07-16T01:41:14","modified_gmt":"2023-07-16T08:41:14","slug":"royal-lepage-says-average-home-price-down-0-7-year-over-year-in-second-quarter","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/royal-lepage-says-average-home-price-down-0-7-year-over-year-in-second-quarter\/","title":{"rendered":"Royal LePage says average home price down 0.7% year-over-year in second quarter"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<p>TORONTO \u2014 A report by Royal LePage says the average home price in Canada in the second quarter edged lower compared with a year ago.<\/p>\n<p>The firm\u2019s house price survey says the aggregate price of a home in Canada was down 0.7 per cent year-over-year at $809,200 in the second quarter of this year.<\/p>\n<p>On a quarter-over-quarter basis, the report says the aggregate price, which averages out median values of all housing types, was up 4.0 per cent.<\/p>\n<p>Royal LePage says the real estate market is close to the point where it will have recovered fully from the drop in home prices last year when interest rates began to rise.<\/p>\n<p>The aggregate price in the second quarter was down 5.6 per cent from the peak reached in the first quarter of 2022.<\/p>\n<p>The firm says prices in the fourth quarter this year are now expected to be up 8.5 per cent compared with the fourth quarter of 2022.<\/p>\n<p style=\"text-align: center;\"><strong>\u00a9 2023 The Canadian Press<\/strong><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/canada.constructconnect.com\/dcn\/news\/economic\/2023\/07\/royal-lepage-says-average-home-price-down-0-7-year-over-year-in-second-quarter\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO \u2014 A report by Royal LePage says the average home price in Canada in the second quarter edged lower &#8230; <a title=\"Royal LePage says average home price down 0.7% year-over-year in second quarter\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/royal-lepage-says-average-home-price-down-0-7-year-over-year-in-second-quarter\/\" aria-label=\"Read more about Royal LePage says average home price down 0.7% year-over-year in second quarter\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":19574,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1037],"tags":[357,295],"class_list":["post-19573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commercial-news","tag-blog","tag-technology","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/19573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=19573"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/19573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/19574"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=19573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=19573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=19573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}