DECEMBER 2020 CANADIAN REAL ESTATE MARKET UPDATE | The New Normal?





By this level in 2020 we have been presupposed to be effectively into the most important Canadian actual property crash ever. There have been predictions for the Canadian housing market to drop as a lot as 30%. Instead, Canadian house costs have continued to climb all yr. The mortgage deferral cliff was going so as to add tens of hundreds of houses to the Canadian actual property market. Today 99% of people who took deferrals are actually again to paying their mortgages. With 2020 virtually behind us let’s take another have a look at the Canadian actual property market. This is your December 2020 Canadian actual property market replace.

0:00 Introduction
1:42 The 2020 Canadian Real Estate Crash
2:47 Bad Dad Joke
3:03 Regina Real Estate Market
5:29 Victoria Real Estate Market
6:53 Vancouver Real Estate Market
9:24 Calgary Real Estate Market
10:57 Edmonton Real Estate Market
12:58 Saskatoon Real Estate Market
14:39 Winnipeg Real Estate Market
16:06 Toronto Real Estate Market
18:49 Ottawa Real Estate Market
20:18 Montreal Real Estate Market
22:05 Halifax Real Estate Market
23:01 Insights into the Canadian Real Estate Market

#BaldPrairieRealEstate #CanadaHousingMarket #CanadianRealEstate

Regina Housing Market
246 house gross sales up 67% vs final yr
323 new listings
955 houses at the moment on the market
Benchmark home worth $278,800
Bald Prairie Real Estate Buy-O-Meter ranking: Get Movin

Victoria Housing Market
795 house gross sales up 38% vs final yr
1813 houses at the moment on the market
Average home worth $903,000
Bald Prairie Real Estate Buy-O-Meter ranking: Get Movin

Vancouver Housing Market
3064 house gross sales up 23% vs final yr
4068 new listings up 36% vs final yr
11,118 houses at the moment on the market up 3.2% from final yr
Benchmark home worth $1,044,100
Bald Prairie Real Estate Buy-O-Meter ranking for single household houses: Get Movin
Bald Prairie Real Estate Buy-O-Meter ranking for downtown apartment: Sit Tight

Calgary Housing Market
1437 house gross sales up 25% vs final yr
1724 new listings down 7% vs final yr
5028 houses at the moment on the market down 16% from final yr
Benchmark home worth $423,600
Bald Prairie Real Estate Buy-O-Meter ranking: Sit Tight

Edmonton Housing Market
1399 house gross sales up 27% vs final yr
1858 new listings up 2.88% vs final yr
6205 houses at the moment on the market down 16% from final yr
Average home worth $382,000
Bald Prairie Real Estate Buy-O-Meter ranking: Sit Tight

Saskatoon Housing Market
358 house gross sales up 47% vs final yr
424 new listings down 6% vs final yr
1120 houses at the moment on the market down 36% from final yr
Benchmark home worth $303,600
Bald Prairie Real Estate Buy-O-Meter ranking: Get Movin

Winnipeg Housing Market
1193 house gross sales up 32% vs final yr
1379 new listings down 12% vs final yr
3136 houses at the moment on the market down 37% from final yr
Benchmark home worth $358,000
Bald Prairie Real Estate Buy-O-Meter ranking: Get Movin

Toronto Housing Market
8766 house gross sales up 24% vs final yr
11,545 new listings up 33.5% vs final yr
13,798 houses at the moment on the market up 15% from final yr
Benchmark home worth $902,500
Bald Prairie Real Estate Buy-O-Meter ranking for single household houses: Get Movin
Bald Prairie Real Estate Buy-O-Meter ranking for downtown apartment: Sit Tight

Ottawa Housing Market
1611 house gross sales up 26% vs final yr
1635 new listings up 31% vs final yr
1537 houses at the moment on the market down 37% from final yr
Average home worth $602,890
Bald Prairie Real Estate Buy-O-Meter ranking: Get Movin

Montreal Housing Market
5343 house gross sales up 32% vs final yr
5981 new listings up 31% vs final yr
13,698 houses at the moment on the market down 15% from final yr
Median home worth $435,000
Bald Prairie Real Estate Buy-O-Meter ranking: Get Movin

Halifax Housing Market
647 house gross sales up 22% vs final yr
1275 houses at the moment on the market down 67.5% from final yr
Average home worth $358,430
Bald Prairie Real Estate Buy-O-Meter ranking: Get Movin

Related Videos: CMHC Predicts 18% Price Drop in Canadian housing market: https://youtu.be/L1hM8vxgnbI
Why hasn’t the true property market crashed but?: https://youtu.be/A1rhWZF3QB0
5 Reasons the Canadian actual property market goes to crash: https://youtu.be/2V5aujh_2zs

My title is Matthew Pfeifer and that is Bald Prairie Real property. I’m a realtor in Regina Saskatchewan working for Royal LePage Regina Realty. In practically 10 years working as an actual property agent I’ve seen each ups and downs out there. But there isn’t any actual property market that you simply can not purchase or promote a home in. Often the media tries to current a Canadian actual property market or they discuss the true property market in Canada as if there’s a nationwide market. The actual property market in Canada could be very regionalized. Being from Regina I give attention to the Regina actual property market.

(306) 591-3353
[email protected]
Royal LePage Regina Realty

Real Estate