Taline Sagharian Real Estate

Canadian Real Estate Market Forecast for 2021

Friday Dec 18th, 2020

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The 2021 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.

 

*Aggregate price of a home in the Greater Toronto Area forecast to rise 5.75%

*Tech and government sector expansion to drive Ottawa prices up 11.5%

*Canada's priciest city to experience 9.0% rise as housing demand in Vancouver surges

*Halifax and Greater Montreal prices forecast to rise 7.5% and 6.0% respectively

*Calgary, Edmonton prices buck regional economic drag, to show modest price growth

 

Canada 

Aggregate: 5% to $746,100
Condominium: 2.25% to $522,700
Two-Storey: 6% to $890,100

 

Greater Toronto Area

Aggregate: 5.75% to $990,300
Condominium: .5% to $600,800
Two-Storey: 7.5% to $1,185,800

 

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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