Home prices in Calgary and Edmonton expected to remain stabl

Home prices in Calgary and Edmonton expected to remain stable in 2021: realtor group


 
CALGARY --
Royal LePage is predicting a slight increase in detached home prices and a modest decrease in condominium prices in Calgary in 2021, as well as stable prices in the Edmonton market.
According to the group's market survey forecast released Monday, the aggregate price of a home in Calgary next year is expected to be $469,600 —a 0.75 per cent increase over 2020 — and the median price of a two-storey detached home is pegged at $514,800, a jump of 1.5 per cent compared to 2020.
The stabilized price prediction is due in part to a decline in listings at the start of the year as well as the expected rise in demand for homes as interest rates remain low.

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