Posts Tagged ‘Canadian housing market’

Balanced conditions set to return to most Canadian housing markets in 2012

Thursday, December 15th, 2011

Remax Housing Market Outlook 2012

Mississauga, ON (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 by RE/MAX.

The RE/MAX Housing Market Outlook 2012 examined trends and developments in 26 major markets across the country. Eighty-eight per cent (23/26) anticipated average price increases by year-end 2011 – with percentage hikes ranging from one to 16 per cent. The forecast for 2012 shows the upward trend moderating, but still ahead of 2011 figures. Overall home sales are expected to remain on par or ahead of last year’s levels in 85 per cent (22/26) of markets in 2011 – including Saskatoon with a year-over-year percentage increase of 13 per cent and an eight per cent uptick in Calgary, Winnipeg, Hamilton-Burlington and Sudbury. Almost half of Canadian markets will match the 2011 performance, while the remainder should post increases ranging from one to five per cent next year.

Courtesy of Remax Ontario Atlantic

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Housing Pricing Predictions all over the Map!

Tuesday, February 15th, 2011

Watching the housing sales pricing predictions has been as unreliable as watching the weather network lately!  Previous housing forecasts predicted the market dropping in price and slowing this year! Remax forecasts a listing price increase and sales increase as people try to beat stricter mortgage regulations and an increase of interest rates, possibly followed by a slight second quarter dip before they pick up steam for the second half of the year.  One thing we can all agree on is the Canadian housing market, despite a recession and global financial uncertainty has had a remarkable run!  In summation, it is still a fantastic time to buy or sell real estate!

So if you are looking to buy or sell a home in St. Catharines don’t hesitate to contact the Atalick Team, St. Catharines Real Estate Agents.

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