Home prices surge post-pandemic
This is a Canada news story, published by financialpost, that relates primarily to Pamela Heaven news.
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Home pricesfinancialpost
•Posthaste: Hoping for another housing boom? You might have years to wait
75% Informative
The aggregate price of a home in Canada rose 3.8 per cent year over year to $ 819,600 in the fourth quarter of 2024 , according to the Royal LePage House Price Survey.
The real estate company expects prices to rise another 6 per cent by the end of this year as further Bank of Canada interest rate cuts and new mortgage rules that make home-buying more affordable bolster the market.
Today ’s Posthaste was written by Pamela Heaven , with additional reporting from Financial Post staff, The Canadian Press and Bloomberg .
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VR Score
79
Informative language
78
Neutral language
70
Article tone
semi-formal
Language
English
Language complexity
50
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
16
Source diversity
9