Ottawa home prices will continue to skyrocket No.1 in 2021: Royal Lepage
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- Dec 16th, 2020 8:58 pm
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- MikeMOON2 [OP]
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- Nov 1, 2020
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- sircheersa
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- RaC1550
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Here is the link to the actual Royal Lepage report:
https://www.royallepage.ca/en/realestat ... increases/
https://marketing.rlpnetwork.com/Commun ... recast.pdf
Notice that the report only has predictions for the the following regions:
Greater Toronto Area
Greater Vancouver
Ottawa
Calgary
Edmonton
Halifax
Winnipeg
Regina
So it includes only the capital cities + a couple of others. The fastest price growth in 2020 has been smaller medium sized cities.
Interestingly, Lepage thinks that condo prices in GTA will rise only 0.5% next year, which is certainly not skyrocketing territory like what some is predicting.
https://www.royallepage.ca/en/realestat ... increases/
https://marketing.rlpnetwork.com/Commun ... recast.pdf
Notice that the report only has predictions for the the following regions:
Greater Toronto Area
Greater Vancouver
Ottawa
Calgary
Edmonton
Halifax
Winnipeg
Regina
So it includes only the capital cities + a couple of others. The fastest price growth in 2020 has been smaller medium sized cities.
Interestingly, Lepage thinks that condo prices in GTA will rise only 0.5% next year, which is certainly not skyrocketing territory like what some is predicting.
In the Greater Toronto Area, the aggregate price of a home in 2021 is forecast to increase 5.75 per cent year-over-year to $990,300. During the same period, the median price of a standard two-storey home is expected to rise 7.5 per cent to $1,185,800, while the median price of a condominium is forecast to increase 0.5 per cent to $600,800. The relatively flat median price projection for the condominium segment reflects a modest increase in median price for condominiums in the 905 area, offsetting a slight dip in median price for the City of Toronto.
- MikeMOON2 [OP]
- Member
- Nov 1, 2020
- 385 posts
- 198 upvotes