Royal LePage: More than half of Canada’s largest real estate markets see double-digit price growth as national home values soar 9.7% in fourth quarter
Fourth quarter regional highlights: Price of detached homes continue to outpace condominiums as Canadians trade location for square footage Despite strong push toward the suburbs, Toronto and Montreal single-family homes see double-digit price gains in city centres Median price of a two-storey home in Greater Vancouver rises 8.8% as buyers prioritize square footage Out-of-region buyers spur Maritimes’ home prices, as option of remote work and demand for large, affordable properties grows Aggregate price of a home in Canada rose $206,815 since Q4 2015 TORONTO, January 15, 2021 – According to the Royal LePage House Price Survey released today, the aggregate [1] price of a home in Canada increased 9.7 per cent year-over-year to $708,842 in the fourth quarter of 2020, as strong seller’s market conditions continued to shape Canada’s real estate market through the end of the year. The significant year-over-year increase in aggregate price was driven by price gains for larger properties. Six