Average Canadian house expected to hit $620K next year, real estate group says

Author: Andre Ouimet - Mortgage Agent | | Categories: First Time Home Buyer Mortgage , Home Equity Loans , Mortgage Agent , Mortgage Refinance

The national average house price is expected to increase by 9.1 per cent — to $620,400 — in 2021, the Canadian Real Estate Association (CREA) said today.

Shortages of supply, particularly in Ontario and Quebec, are expected to result in strong price growth, while Alberta and Saskatchewan are anticipated to see average prices pick up following several years of depreciation, the group said.

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Original Article Source Credits:   CBC News , https://www.cbc.ca/

Article Written By:  NA

Original Article Posted on:  Posted: Dec 15, 2020 

Link to Original Article:  https://www.cbc.ca/news/business/crea-november-sales-1.5841749