There's good news if you own a home, not so good if you're looking to buy.
The Canadian Mortgage and Housing Corp. expects prices in the GTA to rise by as much as five percent next year to an average of up to $898,400.
That's for all home types in all of the GTA.
It's worth noting that the price of a detached home in the city of Toronto averaged $1.36 million last month.
By the end of 2021, we could see an overall price jump as much as 10.5 percent.
The agency tells the Toronto Star that interest rates are expected to stay low and that is part of what could help drive prices.
By the end of this year, they say we could see an average of over $854,000.