Article content

One of the largest real estate companies in Canada is conceding house prices don’t have much room to go up, but Royal LePage still maintains they won’t fall.

The real estate company says price gains have already to started to slow and noted in its third-quarter report that the average price of a home in Canada rose between 4.4% and 6.1% in the third quarter compared to a year earlier.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Even Canadian real estate companies don't see much growth in home prices left Back to video

“We are now experiencing a natural slowing in the rate of year-over-year price appreciation, with real estate markets moderating in most parts of the country, a transition to what our agentsrefer to as a ‘Goldilocks market,’ one that is neither too hot, nor too cold,” said Phil Soper, chief executive of LePage, in a release. “To be clear, we expect home prices to continue to grow in the months ahead, but at a slower rate than we have seen in recent years.”