October 16, 2020
Market Info, Uncategorized
Royal LePage has distributed to the media its Q3 2020 House Price Survey and Market Survey Forecast which presents home price trends across 64 real estate markets in Canada.
Highlights of the national release:
- The aggregate price of a home in Canada increased 8.6 per cent year-over-year to $692,964 in the third quarter, as high demand and low inventory continued to fuel a seller’s market.
- Despite second wave worries, the median price of a home in Canada forecast to finish year 7.0% higher than year-end 2019.
- 97% of regions surveyed post price appreciation in third quarter despite economic shock of COVID-19.
- Ontario and Quebec real estate markets dominate the list of highest appreciating regions, with Windsor in the top spot at 17.0%.
Read the full national release here: https://www.stephenmcdermott.ca/national-real-estate-market-forecast/
Royal LePage House Price Survey Chart
(Canada’s largest 64 housing markets): rlp.ca/house-prices-Q3-2020
Royal LePage Market Survey Forecast Chart: