The Royal LePage House Price Survey and Market Survey Forecast has been revised to reflect the 6.8% year-over-year price increase of a home in Canada to $673,072 in the second quarter, due to low inventory and high demand. The national aggregate price is expected to increase by 2.3% to $663,000 by the end of 2020. Key highlights are below and additional details are in the national release.
*Two-storey house prices outpace condos as home-bound Canadians place premium on space
*Ontario posts Canada’s highest home price increases, with Mississauga in top spot at 13.5% year-over-year (Mississauga (13.5%), Windsor (12.2%), Markham (11.9%), Ottawa (11.7%), Niagara/St.Catharines (11.3%), London (10.5%), Brampton (10.4%), Toronto (10.2%)/Greater Toronto Area (10.0%), Guelph (9.9%), Kitchener/Waterloo/Cambridge (9.8%), and Milton (9.7%).)
Click here to read the Royal LePage national release
Contact me at 416-522-8426 or Taline@RoyalLePage.ca for more information.