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Average house price in Greater Vancouver set to jump nearly 10 per cent in 2021, report says

  VANCOUVER Next year is shaping up to be a seller’s market, according to real estate company Royal LePage. The company has released its market survey forecast for 2021, predicting that the median price of a detached home in Greater Vancouver will increase by 9 per cent, from $1,158,400 to $1,262,600. The company’s managing broker, Randy Ryalls, said in a release, “I am confident we will continue to see prices rise next year. Vancouver has proven to be a rather resilient market, with high demand and quite low inventory.” Demand for two-storey detached homes is also expected to increase, pushing the median price up 10 per cent from $1,519,700 to $1,671,700.

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