Canadian Housing Market Rosy in 2012: RE/MAX

Earlier this month, The Collingwood-BlueMountain Real Estate Blog reported that while normally we start to see a decline in the number of sales in November, this year they were surprisingly strong and down just 10 sales over the previous month.  Sales for the month were 18% higher than in November 2010.   Average residential sale price in the six key areas of the Georgian Triangle (Collingwood, Wasaga Beach, Clearview, Blue Mountains, Grey Highlands and Meaford) YTD is up 3.2% over the same period last year.

Meanwhile, on a national scale, 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.  For more predictions from RE/MAX, please watch the video below:

 


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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Monday, December 12th, 2011 at 5:00 am and is filed under Market Conditions. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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