Taline Sagharian Real Estate

Q2 2020 Canadian House Price Survey and Market Forecast

Monday Jul 20th, 2020


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.

Post a comment