December 6, 2011: Canadian residential real estate defied conventional logic and outperformed expectations in 2011, posting another solid year of housing activity virtually across the board. The trend is expected to carry forward into 2012 as Canadians continue to demonstrate their faith in homeownership, despite concerns over the European debt crisis and its impact on the global economy, according to a report released today by Re/Max. Click here for the full report.
Balanced conditions are forecasted to return to most Canadian housing markets in 2012. Residential values expected to set new records in some markets with average prices in Greater Toronto Area forecasted to increase 5%. Click here to watch the video. |