Ottawa home prices will continue to skyrocket No.1 in 2021: Royal Lepage

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.

RaC1550 wrote: ↑ 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.