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Canada Real Estate Industry Forecasts Soaring Prices And Toronto Lags Cottage Country


Image by Foundry Co from Pixabay

Canada’s real estate industry is forecasting lofty price gains next year. The Canadian Real Estate Association (CREA) is forecasting an average national sale price of $620,404 in 2021, up 9.1% for the year. That’s on top of the 13.1% increase seen in 2020. All but one market is expected to see big gains, except B.C. The industry expects prices in the province to be virtually flat.

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