Royal LePage’s 2021 Forecast

 
The Royal LePage 2021 Forecast was distributed to the media early this morning. The release includes insights from experts across the country, and data from the Royal LePage Market Survey Forecast, which provides year-over-year price expectations for Canada’s nine largest markets.
 
Key highlights from the national release include:


  • Canadian home prices forecast to rise 5.5% by the end of 2021
  • 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%...
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For the complete news release, including detailed statistics, click here.

BC Housing Market Posts Strongest November on Record

Vancouver, BC – December 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 9,416 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2020, an increase of 42.1 per cent from November 2019. The average MLS® residential price in BC set a record of $816,074, a 9.3 per cent increase from $746,310 recorded the previous year. Total sales dollar volume in August was $7.68 billion, a 55.4 per cent increase over 2019.

“Home sales were once again unseasonably strong in November with several markets setting records...

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.