Prices to keep soaring in Canada’s undersupplied housing market: Scotiabank

The February data is just another entry in a now eight-month streak of record-breaking sales activity and head-spinning price gains.

Prices to keep soaring in Canada’s undersupplied housing market: Scotiabank

Despite the lockdown measures in place in many regions across the country, Omran wrote in a recent research note that the “stronger-than-expected trend” in the Canadian housing market carried over from 2020 and into 2021.

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Housing market will continue to defy gravity: Central 1

In a December 15 release, Royal LePage said the average price of a home in Canada will increase 5.5% year over year to $746,100 in 2021.

Housing market will continue to defy gravity: Central 1

Vancouver-based Central 1 Credit Union is among those forecasting that the “exceptionally strong” 2020 housing market in B.C. will continue to surge, with average prices rising 5.6% in 2021 and a further 4% in 2022.

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