Taline Sagharian Real Estate

Canadian Real Estate Market Forecast for 2020

Thursday Jan 09th, 2020

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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

Canada 

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

Click here to read the Royal LePage national release

Contact me at 416-522-8426 or Taline@RoyalLePage.ca for more information.

 

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