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A record year for sales and prices. According to the latest MLS® forecast released by The Canadian Real Estate. Association (CREA), national home sales are already heading for a record year in 2021.
- The national average price is forecast to rise by 9.1% to $620,400.
- Shortages of supply, particularly in Ontario, will limit sales and keep pressure on pricing.
- Sales are expected to ease back as the year progresses, but a record is still expected.
- National home sales are forecast to rise 7.2% in 2021, to around 584,000 units.
- Demand and price gains are expected to be especially high for larger single-family homes, as buyers compete for desirable properties.#realestate #homevalues #property
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