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.