Sean & Sharon O'Hearn
RE/MAX Capital Diamond Realty

2020 Market Update 2021 Market Outlook

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 per cent increase in the average residential sales price nation-wide.

Despite the disruption of the virus, consumers are feeling optimistic, according to a Leger survey conducted on behalf of RE/MAX Canada, with 52 per cent of Canadians eyeing real estate as one of the best investment options in 2021, and expressing confidence that the Canadian housing market will remain steady next year.

Please feel free to contact us to find out how we are protecting our clients from COVID-19 during buying and selling transactions.

Stay safe and take care of each other.

 

Sharon O’Hearn

Welcome to Our Blog. We will share what we think are interesting articles, beautiful pictures, humour, and Real Estate related news. We will also publish Sean's newsletters which are informative and keep you up to date on the current market. Thank you for the opportunity to share!

 

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