Price of detached homes continue to outpace condominiums as Canadians trade location for square footage Despite strong push toward the suburbs, Toronto and Montreal single-family homes see double-digit price gains in city centres Median price of a two-storey home in Greater Vancouver rises 8.8% as buyers prioritize square footage Out-of-region buyers spur Maritimes' home prices, as option of remote work and demand for large, affordable properties grows Aggregate price of a home in Canada rose $206,815 since Q4 2015 TORONTO, Jan. 15, 2021 /CNW/ - According to the Royal LePage House Price Survey released today, the aggregate 1 price of a home in Canada increased 9.7 per cent year-over-year to $708,842 in the fourth quarter of 2020, as strong seller's market conditions continued to shape Canada's real estate market through the end of the year. The significant year-over-year increase in aggregate price was driven by price gains for larger properties. Sixty-four per cent of all regions surveyed showed year-over-year median price gains of more than 10 per cent for two-storey homes.