Jan 13, 2021
As you have read my analysis of The Toronto Region Real Estate Board (TRREB)’s monthly sales report for December 2020, here is an interesting report from the Royal Bank of Canada (RBC) Economics division.
The bank put the heading of the report as “Canada’s housing market headed for another record year in 2021”.
The report’s salient points outlined are:
- We expect solid price momentum to be sustained in 2021 with a nationwide gain of 8.4%
- Price trends to stay firm in most regions of the country
- Low available supply is the main reason property values will continue to go up
- We project home resales to be the strongest ever in Canada in 2021, reaching 588,300 units
- Some moderation will set in over the course of the year, however, in part due to supply constraints
Click on the link below to read the full report:
Take care of yourselves and follow the safety precautions defined by healthcare professionals.
Please pray for the safety of all and seeing and end of the COVID-19 pandemic soon.
#BeSafeAndHelpOthersBeSafe
If you like what you read, I will ask you to leave your gracious Google Review at:
A. Q. Mufti
