\n<\/p>\n
This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. <\/p>\n
<\/svg><\/button> <\/div><\/div><\/div>\n by RBC Mortgages <\/p><\/div>\n <\/div><\/div><\/div>\n\nBreadcrumb Trail Links<\/h2>\n\n Real Estate <\/li>\n News <\/li>\n FP Economy <\/li>\n<\/ol>\n<\/nav>\n Persistent demand and low supply are trumping rising mortgage costs for now <\/p>\n\n\nPublishing date:<\/p>\n Apr 19, 2022<\/span> \u00a0\u2022\u00a0 47\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 2 minute read<\/span> \u00a0\u2022\u00a0 <\/svg><\/span> Join the conversation <\/span> <\/div><\/div>\n<\/picture>Royal LePage is boosting its home price forecast for this year.<\/span> Photo by REUTERS\/Chris Helgren<\/span> <\/figcaption><\/figure>\n<\/header>\n\nArticle content<\/h2>\nRoyal LePage is boosting its home price forecast for this year, despite signs of cooling in some markets and expectations of higher mortgage rates.<\/p>\n<\/section>\n\n\nAdvertisement 2<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\nThe real estate brokerage now expects aggregate home prices to rise 15 per cent in 2022 to $895,900, up from its December forecast.<\/p>\nThe fresh forecast comes after aggregate home prices rose 25 per cent to $856,900 in the first quarter of this year despite rate hikes by the Bank of Canada, a promising sign that prices will remain strong. The price gain was the largest in the first quarter ever recorded by the company.<\/p>\n<\/section>\n\nArticle content<\/h2>\n\u201cEntering 2022, we had anticipated a strong first half, and moderating real estate markets thereafter\u2026 We are seeing the first signs of moderation in some regions, as more inventory is becoming available and competition eases slightly,\u201d said Phil Soper, president and chief executive of Royal LePage in a release.<\/p>\n<\/section>\n\n\nAdvertisement 3<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\n\u201cThe first quarter of the year was so strong, however, that we are bumping up our 2022 outlook,\u201d Soper added. \u201cAnd, home prices will continue to climb in the months ahead as a result of our relentless low supply-high demand imbalance.\u201d<\/p>\nIn other signs that a sellers\u2019 market remains in many communities, Barrie, Cambridge, Kitchener-Waterloo and Oshawa, cities in Ontario\u2019s Golden Horseshoe region, all passed the $1 million mark for the first time for a median single-family detached home.<\/p>\nKingston, Ontario, reported the highest year-over-year aggregate and detached home price gains in Canada for the second quarter in a row.<\/p>\n <\/p>\n\n <\/picture>\n Canada’s hot housing streak cools as prices, sales fall in March <\/span> <\/h3>\n<\/li>\n <\/picture>\n Worst case rate of 3.5%? What it could mean for your mortgage <\/span> <\/h3>\n<\/li>\n <\/picture>\n March housing starts decline slightly amid growing focus on supply crunch <\/span> <\/h3>\n<\/li>\n<\/ol>\n <\/section>\n<\/section>\n\n\nAdvertisement 4<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\nRoyal LePage said it did not expect the measures announced in the most recent federal budget to move the needle on housing affordability. While Soper said funding towards increasing supply was a welcome first step, measures like the two-year ban on foreign buyers would be ineffective because they represented a small portion of Canadian homeowners.<\/p>\nStronger cohesion across all levels of government is needed to make housing more accessible to Canadians, said Soper.<\/p>\n\u201cAccess to suitable shelter is one of the great social challenges of our time,\u201d Soper said. \u201cI am pleased to see it addressed in the federal budget, however the budget requires significant participation from provincial and municipal governments to hit its target to provide housing for current demand as well as future demand from new household formation and immigration.\u201d<\/p>\n\u2022 Email: shughes@postmedia.com | Twitter: StephHughes95<\/a><\/em><\/p>\n<\/section>\n\nShare this article in your social network<\/h2>\n<\/section>\n\n\n\nAdvertisement <\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div><\/div>\n\n<\/p>\n\nFinancial Post Top Stories<\/h2>\nSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n\nThanks for signing up!<\/h3>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n
by RBC Mortgages <\/p><\/div>\n
Persistent demand and low supply are trumping rising mortgage costs for now <\/p>\n
Publishing date:<\/p>\n
Apr 19, 2022<\/span> \u00a0\u2022\u00a0 47\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 2 minute read<\/span> \u00a0\u2022\u00a0 <\/svg><\/span> Join the conversation <\/span> <\/div><\/div>\n<\/picture>Royal LePage is boosting its home price forecast for this year.<\/span> Photo by REUTERS\/Chris Helgren<\/span> <\/figcaption><\/figure>\n<\/header>\n\nArticle content<\/h2>\nRoyal LePage is boosting its home price forecast for this year, despite signs of cooling in some markets and expectations of higher mortgage rates.<\/p>\n<\/section>\n\n\nAdvertisement 2<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\nThe real estate brokerage now expects aggregate home prices to rise 15 per cent in 2022 to $895,900, up from its December forecast.<\/p>\nThe fresh forecast comes after aggregate home prices rose 25 per cent to $856,900 in the first quarter of this year despite rate hikes by the Bank of Canada, a promising sign that prices will remain strong. The price gain was the largest in the first quarter ever recorded by the company.<\/p>\n<\/section>\n\nArticle content<\/h2>\n\u201cEntering 2022, we had anticipated a strong first half, and moderating real estate markets thereafter\u2026 We are seeing the first signs of moderation in some regions, as more inventory is becoming available and competition eases slightly,\u201d said Phil Soper, president and chief executive of Royal LePage in a release.<\/p>\n<\/section>\n\n\nAdvertisement 3<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\n\u201cThe first quarter of the year was so strong, however, that we are bumping up our 2022 outlook,\u201d Soper added. \u201cAnd, home prices will continue to climb in the months ahead as a result of our relentless low supply-high demand imbalance.\u201d<\/p>\nIn other signs that a sellers\u2019 market remains in many communities, Barrie, Cambridge, Kitchener-Waterloo and Oshawa, cities in Ontario\u2019s Golden Horseshoe region, all passed the $1 million mark for the first time for a median single-family detached home.<\/p>\nKingston, Ontario, reported the highest year-over-year aggregate and detached home price gains in Canada for the second quarter in a row.<\/p>\n <\/p>\n\n <\/picture>\n Canada’s hot housing streak cools as prices, sales fall in March <\/span> <\/h3>\n<\/li>\n <\/picture>\n Worst case rate of 3.5%? What it could mean for your mortgage <\/span> <\/h3>\n<\/li>\n <\/picture>\n March housing starts decline slightly amid growing focus on supply crunch <\/span> <\/h3>\n<\/li>\n<\/ol>\n <\/section>\n<\/section>\n\n\nAdvertisement 4<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\nRoyal LePage said it did not expect the measures announced in the most recent federal budget to move the needle on housing affordability. While Soper said funding towards increasing supply was a welcome first step, measures like the two-year ban on foreign buyers would be ineffective because they represented a small portion of Canadian homeowners.<\/p>\nStronger cohesion across all levels of government is needed to make housing more accessible to Canadians, said Soper.<\/p>\n\u201cAccess to suitable shelter is one of the great social challenges of our time,\u201d Soper said. \u201cI am pleased to see it addressed in the federal budget, however the budget requires significant participation from provincial and municipal governments to hit its target to provide housing for current demand as well as future demand from new household formation and immigration.\u201d<\/p>\n\u2022 Email: shughes@postmedia.com | Twitter: StephHughes95<\/a><\/em><\/p>\n<\/section>\n\nShare this article in your social network<\/h2>\n<\/section>\n\n\n\nAdvertisement <\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div><\/div>\n\n<\/p>\n\nFinancial Post Top Stories<\/h2>\nSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n\nThanks for signing up!<\/h3>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n
Royal LePage is boosting its home price forecast for this year, despite signs of cooling in some markets and expectations of higher mortgage rates.<\/p>\n<\/section>\n
This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\nThe real estate brokerage now expects aggregate home prices to rise 15 per cent in 2022 to $895,900, up from its December forecast.<\/p>\nThe fresh forecast comes after aggregate home prices rose 25 per cent to $856,900 in the first quarter of this year despite rate hikes by the Bank of Canada, a promising sign that prices will remain strong. The price gain was the largest in the first quarter ever recorded by the company.<\/p>\n<\/section>\n\nArticle content<\/h2>\n\u201cEntering 2022, we had anticipated a strong first half, and moderating real estate markets thereafter\u2026 We are seeing the first signs of moderation in some regions, as more inventory is becoming available and competition eases slightly,\u201d said Phil Soper, president and chief executive of Royal LePage in a release.<\/p>\n<\/section>\n\n\nAdvertisement 3<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\n\u201cThe first quarter of the year was so strong, however, that we are bumping up our 2022 outlook,\u201d Soper added. \u201cAnd, home prices will continue to climb in the months ahead as a result of our relentless low supply-high demand imbalance.\u201d<\/p>\nIn other signs that a sellers\u2019 market remains in many communities, Barrie, Cambridge, Kitchener-Waterloo and Oshawa, cities in Ontario\u2019s Golden Horseshoe region, all passed the $1 million mark for the first time for a median single-family detached home.<\/p>\nKingston, Ontario, reported the highest year-over-year aggregate and detached home price gains in Canada for the second quarter in a row.<\/p>\n <\/p>\n\n <\/picture>\n Canada’s hot housing streak cools as prices, sales fall in March <\/span> <\/h3>\n<\/li>\n <\/picture>\n Worst case rate of 3.5%? What it could mean for your mortgage <\/span> <\/h3>\n<\/li>\n <\/picture>\n March housing starts decline slightly amid growing focus on supply crunch <\/span> <\/h3>\n<\/li>\n<\/ol>\n <\/section>\n<\/section>\n\n\nAdvertisement 4<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\nRoyal LePage said it did not expect the measures announced in the most recent federal budget to move the needle on housing affordability. While Soper said funding towards increasing supply was a welcome first step, measures like the two-year ban on foreign buyers would be ineffective because they represented a small portion of Canadian homeowners.<\/p>\nStronger cohesion across all levels of government is needed to make housing more accessible to Canadians, said Soper.<\/p>\n\u201cAccess to suitable shelter is one of the great social challenges of our time,\u201d Soper said. \u201cI am pleased to see it addressed in the federal budget, however the budget requires significant participation from provincial and municipal governments to hit its target to provide housing for current demand as well as future demand from new household formation and immigration.\u201d<\/p>\n\u2022 Email: shughes@postmedia.com | Twitter: StephHughes95<\/a><\/em><\/p>\n<\/section>\n\nShare this article in your social network<\/h2>\n<\/section>\n\n\n\nAdvertisement <\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div><\/div>\n\n<\/p>\n\nFinancial Post Top Stories<\/h2>\nSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n\nThanks for signing up!<\/h3>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n
The real estate brokerage now expects aggregate home prices to rise 15 per cent in 2022 to $895,900, up from its December forecast.<\/p>\n
The fresh forecast comes after aggregate home prices rose 25 per cent to $856,900 in the first quarter of this year despite rate hikes by the Bank of Canada, a promising sign that prices will remain strong. The price gain was the largest in the first quarter ever recorded by the company.<\/p>\n<\/section>\n\nArticle content<\/h2>\n\u201cEntering 2022, we had anticipated a strong first half, and moderating real estate markets thereafter\u2026 We are seeing the first signs of moderation in some regions, as more inventory is becoming available and competition eases slightly,\u201d said Phil Soper, president and chief executive of Royal LePage in a release.<\/p>\n<\/section>\n\n\nAdvertisement 3<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\n\u201cThe first quarter of the year was so strong, however, that we are bumping up our 2022 outlook,\u201d Soper added. \u201cAnd, home prices will continue to climb in the months ahead as a result of our relentless low supply-high demand imbalance.\u201d<\/p>\nIn other signs that a sellers\u2019 market remains in many communities, Barrie, Cambridge, Kitchener-Waterloo and Oshawa, cities in Ontario\u2019s Golden Horseshoe region, all passed the $1 million mark for the first time for a median single-family detached home.<\/p>\nKingston, Ontario, reported the highest year-over-year aggregate and detached home price gains in Canada for the second quarter in a row.<\/p>\n <\/p>\n\n <\/picture>\n Canada’s hot housing streak cools as prices, sales fall in March <\/span> <\/h3>\n<\/li>\n <\/picture>\n Worst case rate of 3.5%? What it could mean for your mortgage <\/span> <\/h3>\n<\/li>\n <\/picture>\n March housing starts decline slightly amid growing focus on supply crunch <\/span> <\/h3>\n<\/li>\n<\/ol>\n <\/section>\n<\/section>\n\n\nAdvertisement 4<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\nRoyal LePage said it did not expect the measures announced in the most recent federal budget to move the needle on housing affordability. While Soper said funding towards increasing supply was a welcome first step, measures like the two-year ban on foreign buyers would be ineffective because they represented a small portion of Canadian homeowners.<\/p>\nStronger cohesion across all levels of government is needed to make housing more accessible to Canadians, said Soper.<\/p>\n\u201cAccess to suitable shelter is one of the great social challenges of our time,\u201d Soper said. \u201cI am pleased to see it addressed in the federal budget, however the budget requires significant participation from provincial and municipal governments to hit its target to provide housing for current demand as well as future demand from new household formation and immigration.\u201d<\/p>\n\u2022 Email: shughes@postmedia.com | Twitter: StephHughes95<\/a><\/em><\/p>\n<\/section>\n\nShare this article in your social network<\/h2>\n<\/section>\n\n\n\nAdvertisement <\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div><\/div>\n\n<\/p>\n\nFinancial Post Top Stories<\/h2>\nSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n\nThanks for signing up!<\/h3>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n
\u201cEntering 2022, we had anticipated a strong first half, and moderating real estate markets thereafter\u2026 We are seeing the first signs of moderation in some regions, as more inventory is becoming available and competition eases slightly,\u201d said Phil Soper, president and chief executive of Royal LePage in a release.<\/p>\n<\/section>\n
This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\n\u201cThe first quarter of the year was so strong, however, that we are bumping up our 2022 outlook,\u201d Soper added. \u201cAnd, home prices will continue to climb in the months ahead as a result of our relentless low supply-high demand imbalance.\u201d<\/p>\nIn other signs that a sellers\u2019 market remains in many communities, Barrie, Cambridge, Kitchener-Waterloo and Oshawa, cities in Ontario\u2019s Golden Horseshoe region, all passed the $1 million mark for the first time for a median single-family detached home.<\/p>\nKingston, Ontario, reported the highest year-over-year aggregate and detached home price gains in Canada for the second quarter in a row.<\/p>\n <\/p>\n\n <\/picture>\n Canada’s hot housing streak cools as prices, sales fall in March <\/span> <\/h3>\n<\/li>\n <\/picture>\n Worst case rate of 3.5%? What it could mean for your mortgage <\/span> <\/h3>\n<\/li>\n <\/picture>\n March housing starts decline slightly amid growing focus on supply crunch <\/span> <\/h3>\n<\/li>\n<\/ol>\n <\/section>\n<\/section>\n\n\nAdvertisement 4<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\nRoyal LePage said it did not expect the measures announced in the most recent federal budget to move the needle on housing affordability. While Soper said funding towards increasing supply was a welcome first step, measures like the two-year ban on foreign buyers would be ineffective because they represented a small portion of Canadian homeowners.<\/p>\nStronger cohesion across all levels of government is needed to make housing more accessible to Canadians, said Soper.<\/p>\n\u201cAccess to suitable shelter is one of the great social challenges of our time,\u201d Soper said. \u201cI am pleased to see it addressed in the federal budget, however the budget requires significant participation from provincial and municipal governments to hit its target to provide housing for current demand as well as future demand from new household formation and immigration.\u201d<\/p>\n\u2022 Email: shughes@postmedia.com | Twitter: StephHughes95<\/a><\/em><\/p>\n<\/section>\n\nShare this article in your social network<\/h2>\n<\/section>\n\n\n\nAdvertisement <\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div><\/div>\n\n<\/p>\n\nFinancial Post Top Stories<\/h2>\nSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n\nThanks for signing up!<\/h3>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n
\u201cThe first quarter of the year was so strong, however, that we are bumping up our 2022 outlook,\u201d Soper added. \u201cAnd, home prices will continue to climb in the months ahead as a result of our relentless low supply-high demand imbalance.\u201d<\/p>\n
In other signs that a sellers\u2019 market remains in many communities, Barrie, Cambridge, Kitchener-Waterloo and Oshawa, cities in Ontario\u2019s Golden Horseshoe region, all passed the $1 million mark for the first time for a median single-family detached home.<\/p>\n
Kingston, Ontario, reported the highest year-over-year aggregate and detached home price gains in Canada for the second quarter in a row.<\/p>\n <\/p>\n\n <\/picture>\n Canada’s hot housing streak cools as prices, sales fall in March <\/span> <\/h3>\n<\/li>\n <\/picture>\n Worst case rate of 3.5%? What it could mean for your mortgage <\/span> <\/h3>\n<\/li>\n <\/picture>\n March housing starts decline slightly amid growing focus on supply crunch <\/span> <\/h3>\n<\/li>\n<\/ol>\n <\/section>\n<\/section>\n\n\nAdvertisement 4<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\nRoyal LePage said it did not expect the measures announced in the most recent federal budget to move the needle on housing affordability. While Soper said funding towards increasing supply was a welcome first step, measures like the two-year ban on foreign buyers would be ineffective because they represented a small portion of Canadian homeowners.<\/p>\nStronger cohesion across all levels of government is needed to make housing more accessible to Canadians, said Soper.<\/p>\n\u201cAccess to suitable shelter is one of the great social challenges of our time,\u201d Soper said. \u201cI am pleased to see it addressed in the federal budget, however the budget requires significant participation from provincial and municipal governments to hit its target to provide housing for current demand as well as future demand from new household formation and immigration.\u201d<\/p>\n\u2022 Email: shughes@postmedia.com | Twitter: StephHughes95<\/a><\/em><\/p>\n<\/section>\n\nShare this article in your social network<\/h2>\n<\/section>\n\n\n\nAdvertisement <\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div><\/div>\n\n<\/p>\n\nFinancial Post Top Stories<\/h2>\nSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n\nThanks for signing up!<\/h3>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n
<\/section>\n<\/section>\n\n\nAdvertisement 4<\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\nRoyal LePage said it did not expect the measures announced in the most recent federal budget to move the needle on housing affordability. While Soper said funding towards increasing supply was a welcome first step, measures like the two-year ban on foreign buyers would be ineffective because they represented a small portion of Canadian homeowners.<\/p>\nStronger cohesion across all levels of government is needed to make housing more accessible to Canadians, said Soper.<\/p>\n\u201cAccess to suitable shelter is one of the great social challenges of our time,\u201d Soper said. \u201cI am pleased to see it addressed in the federal budget, however the budget requires significant participation from provincial and municipal governments to hit its target to provide housing for current demand as well as future demand from new household formation and immigration.\u201d<\/p>\n\u2022 Email: shughes@postmedia.com | Twitter: StephHughes95<\/a><\/em><\/p>\n<\/section>\n\nShare this article in your social network<\/h2>\n<\/section>\n\n\n\nAdvertisement <\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div><\/div>\n\n<\/p>\n\nFinancial Post Top Stories<\/h2>\nSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n\nThanks for signing up!<\/h3>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n
This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n\nArticle content<\/h2>\nRoyal LePage said it did not expect the measures announced in the most recent federal budget to move the needle on housing affordability. While Soper said funding towards increasing supply was a welcome first step, measures like the two-year ban on foreign buyers would be ineffective because they represented a small portion of Canadian homeowners.<\/p>\nStronger cohesion across all levels of government is needed to make housing more accessible to Canadians, said Soper.<\/p>\n\u201cAccess to suitable shelter is one of the great social challenges of our time,\u201d Soper said. \u201cI am pleased to see it addressed in the federal budget, however the budget requires significant participation from provincial and municipal governments to hit its target to provide housing for current demand as well as future demand from new household formation and immigration.\u201d<\/p>\n\u2022 Email: shughes@postmedia.com | Twitter: StephHughes95<\/a><\/em><\/p>\n<\/section>\n\nShare this article in your social network<\/h2>\n<\/section>\n\n\n\nAdvertisement <\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div><\/div>\n\n<\/p>\n\nFinancial Post Top Stories<\/h2>\nSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n\nThanks for signing up!<\/h3>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n
Royal LePage said it did not expect the measures announced in the most recent federal budget to move the needle on housing affordability. While Soper said funding towards increasing supply was a welcome first step, measures like the two-year ban on foreign buyers would be ineffective because they represented a small portion of Canadian homeowners.<\/p>\n
Stronger cohesion across all levels of government is needed to make housing more accessible to Canadians, said Soper.<\/p>\n
\u201cAccess to suitable shelter is one of the great social challenges of our time,\u201d Soper said. \u201cI am pleased to see it addressed in the federal budget, however the budget requires significant participation from provincial and municipal governments to hit its target to provide housing for current demand as well as future demand from new household formation and immigration.\u201d<\/p>\n
\u2022 Email: shughes@postmedia.com | Twitter: StephHughes95<\/a><\/em><\/p>\n<\/section>\n\nShare this article in your social network<\/h2>\n<\/section>\n\n\n\nAdvertisement <\/h2>\n\n\n\n\n This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div><\/div>\n\n<\/p>\n\nFinancial Post Top Stories<\/h2>\nSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n\nThanks for signing up!<\/h3>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n
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