Canadian Real Estate Market Forecast for 2020
Thursday Jan 09th, 2020Share
The 2020 Royal LePage Market Survey Forecast for all house types, and individual forecasts for condominiums and two-storey detached houses in major regions across Canada. Key highlights are below and additional details are in the national release and corresponding chart.
*Low supply in the Greater Toronto Area expected to fuel home price growth in 2020
*Greater Montreal Area forecast to see highest appreciation rate in 2020 among cities surveyed
*Greater Vancouver house prices forecast to stabilize in 2020
*Ottawa’s aggregate home price forecast to cross half million dollar mark in 2020
Aggregate: 3.2% to $669,800
Condominium: 3.6% to $506,100
Two-Storey: 3.1% to $785,400
Greater Toronto Area
Aggregate: 4.75% to $883,700
Condominium: 6.0% to $600,000
Two-Storey: 4.5% to $1,027,200
Contact me at 416-522-8426 or Taline@RoyalLePage.ca for more information.