Sellers are currently in a stronger bargaining position in almost all Canadian housing markets, not just the largest ones, according to RBC Economics.
This has been spurred by consistently tight supply and surging home sales prices, influenced by major markets like Toronto and Montreal, RBC said. Data from the Canadian Real Estate Association showed that the national average home price grew by 21% to reach a new high of $748,450 in January.
“Growth has been slower in the Prairie provinces, but even there the majority of markets have sellers in the driver’s seat,” RBC said.
These dynamics are expected to sustain themselves for much of this year, RBC predicted. # SANDI HALPERN # SOLD # LEASED # SELLERS
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