Opal Hustins, ASA, AEA Broker

Opal Hustins, ASA, AEA Broker

Q2 House Price Survey and Market trends

Early this morning, Royal LePage distributed to the media its Q2 2020 House Price Survey and Market Survey Forecast which presents home price trends across 64 real estate markets in Canada.

Key highlights from the national release include:

  • In the second quarter, the price of a home in Canada increased 6.8% year-over-year to $673,072, as buyers returned to the market before sellers. 
  • Royal LePage has revised our Canadian home price forecast upwards to 2.3% by year end 2020, as low rates and pent-up demand face limited housing supply.
  • Two-storey house prices outpace condo prices 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.

Read the full national release here: https://www.news.royallepage.ca/click.html?x=a62e&lc=yO&mc=g&s=XJzV&u=X&z=0QYwHUc&

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