Bob Sethi, B.Comm | 604.273.2828

The 2020 Housing Market Outlook released!

November 27, 2019


RE/MAX releases 2020 Housing Market Outlook



RE/MAX's annual housing market outlook is calling for a leveling out of the market with more opportunities for Canadian homebuyers and modest price increases for sellers:

  • Average home price expected to rise by 3.7% next year;
  • Increased consumer confidence could be a key factor affecting the housing market in 2020;
  • 51% of Canadians are considering a home purchase in the next five years, up from 36% at the same time last year; and
  • Only two in 10 Canadians say that the mortgage stress test negatively affected their ability to purchase a home in 2019.
Click here for the full report.


 


 
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Bob Sethi, B.Comm
Office:604.273.2828
Fax:604.273.0685
RE/MAX Westcoast
#110-6086 Russ Baker Way
Richmond, BC
V7B 1B4 Canada

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