Where exactly?
For example, I live in Montreal, the stast for August:
Single-family home median price increased by 7.3% year-over-year to $633k.
Condo median price increased by 3.7% year-over-year to $422k.
Plex median price increased by 10.1% year-over-year to $840k.
> While some major markets — Winnipeg, Regina, and Toronto — saw home resales go up from August to September, most markets remained tepid.
> Vancouver, Calgary, Edmonton, Saskatoon, Hamilton, Ottawa, Montreal and Halifax saw slight declines, “suggesting the recovery is still uneven and fragile,” RBC economist Robert Hogue said in the report.
I know that out here on the west coast my property valuation has dropped from the peak. Not much, but it’s clear from talking to realtors that you just can’t buy a house and flip it a year later anymore.
I think that depending on how you slice the data,
Quebec plays by its own set of rules.