Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeReal EstateCanada’s housing market gains momentum in second quarter, says Royal LePageThe recovery was uneven across the country howeverLast updated 1 hour ago You can save this article by registering for free here. Or sign-in if you have an account.A house for sale on Beach Boulevard in Hamilton, Ont. Photo by Peter Power/Postmedia filesCanada’s housing market gained momentum in the second quarter of the year, with activity picking up in May and June, according to Royal LePage’s latest housing survey.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe survey, which provides realtor insights on 65 of the nation’s largest real estate markets, said the country’s aggregate home price fell 1.4 per cent from the same quarter a year ago to $814,900. Quarter over quarter, prices edged up 0.2 per cent.“Several regions are now seeing that uptick in momentum carry into summer, as buyers who held back earlier in the year re-enter the market,” said Phil Soper, chief executive of Royal LePage.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againThe recovery was uneven across the country however. The Greater Toronto Area (GTA) recorded a 4.6 per cent year over year decline in aggregate home prices in the quarter, while in Greater Vancouver prices dropped 4.5 per cent.Quebec City remained one of the county’s strongest markets, with prices rising 6.1 per cent from a year earlier, though they fell two per cent from the January to March prices –– the region’s first quarterly decline in over three years.Meanwhile, GTA prices rose 0.9 per cent on a quarterly basis.“While the region (GTA) remains in a buyers’ market, momentum began shifting toward balanced conditions in the second quarter, in line with our expectations for a gradual recovery,” Shawn Zigelstein, broker and leader of Team Zold at Royal LePage Signature Realty, said in a press release. “That said, economic uncertainty and geopolitical tensions continue to weigh on consumer confidence, keeping many would-be buyers on the sidelines.”“Meanwhile, sellers are listing only when they absolutely have to, which is contributing to shrinking supply levels,” he said.Looking ahead, Royal LePage forecasts the aggregate home price will increase two per cent in the fourth quarter of 2026 compared to a year earlier. However, it expects the GTA to remain an outlier with prices forecast to decline two per cent year over year by the end of 2026.Vancouver’s prices are expected to fall 3.5 per cent over the same period.More to come… Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.