Painful year for Regina<\/strong>
\nHowever, prices will fall by 1.9% in Edmonton, 2.3% in Calgary and 4.7% in Regina.<\/p>\n“The challenges that plagued the Regina real estate market in 2018 may have ‘touched the bottom’ on our localized recession.\u00a0 Provincial GDP and hiring trends indicate that we may see a rebound by the second quarter of 2019,” said Mike Duggleby, broker and owner, Royal LePage Regina Realty. “Those looking to buy are finding excellent selection, reduced competition from other buyers and affordable prices.”<\/p>\n
Overall, Canadian home prices are forecast to gain 1.2% in 2019 and Phil Soper says there are two factors influencing the firm\u2019s forecast that deserve special consideration.<\/p>\n
\u201cFirstly, home prices are appreciating, albeit at a snail’s pace. Secondly, the Canadian market is supported by strong economic fundamentals, including a robust rate of new household formation and excellent employment growth,\u201d he said. \u201c<\/p>\n
However, the future may be too bright says Soper. As more people are employed and looking for a roof over their heads, supply issues will weigh on markets.<\/p>\n
\u201cMore than an affordable housing problem, we will once again be facing an overall housing supply crisis,” said Soper.<\/p>\n","protected":false},"excerpt":{"rendered":"
Following several years of rising prices \u2013 sharply rising in some cases \u2013 home price growth will continue to ease in 2019 according to a new report from Royal LePage. “Markets aren’t perfect. They overshoot and then they must correct,” said Phil Soper, President and CEO, Royal LePage. “The Canadian housing market in 2019 will […]<\/p>\n","protected":false},"author":3,"featured_media":25863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10121"}],"collection":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/comments?post=10121"}],"version-history":[{"count":4,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10121\/revisions"}],"predecessor-version":[{"id":25862,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10121\/revisions\/25862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media\/25863"}],"wp:attachment":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media?parent=10121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/categories?post=10121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/tags?post=10121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}