Real Estate Brokerage Royal LePage Cuts Home Price Forecast for 2022

Real Estate Brokerage Royal LePage Cuts Home Price Forecast for 2022
A sold sign is shown in front of west-end Toronto homes April 9, 2017. The Canadian Press/Graeme Roy
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Royal LePage is cutting its expectations for the growth in home prices this year after it says prices in the second quarter fell compared with the first three months of the year.

The real estate brokerage says it now expects the aggregate price of a home in Canada in the fourth quarter of this year will be up 5.0 percent compared with the same quarter in 2021.