Canadian Housing Market 2021

Canadian Housing Market 2021

CANADIAN HOUSING MARKET OUTLOOK 2021 – RE/MAX Canada

RE/MAX Canada is anticipating healthy housing price growth in 2021, with move-up and move-over buyers continuing to drive activity in many regions across the Canadian housing market.

An ongoing housing supply shortage is likely to continue, presenting challenges for homebuyers and putting upward pressure on prices. Due to these factors, the 2021 RE/MAX Housing Market Outlook Report estimates a four to six percent increase in the average residential sales price nation-wide.

  • 35% of RE/MAX brokers indicate that “move-over” buyers from other cities and provinces will continue to spark market activity in 2021
  • 45% of RE/MAX brokers indicate that move-up buyers will likely be a primary driver of the housing market demand in 2021
  • Half of Canadians (53%) are confident that Canada’s housing markets will remain steady in 2021
  • 52% of Canadians believe real estate will remain one of the best investment options in 2021

To access the full report click on the link below:

https://rem.ax/3jgetWH


 

Related posts

Holiday Cheer Starts With Acts of Kindness

ACTS OF KINDNESS Small 'Acts of Kindness' are easy to do and they will brighten the lives of...

Continue reading

Credit Tips: Understanding and Improving your Credit

What is a Credit Report? A credit report is the primary tool that lenders use to establish a...

Continue reading

RE/MAX ‘Quest for Excellence’ Bursary Program

What is the 'Quest for Excellence' program?  This program was established by RE/MAX of Western...

Continue reading

Join The Discussion