CREA 2013 Forecast For Canadian Housing Market

CREA forecasts that sales growth will be limited to the provinces of Alberta (1.3%) & Manitoba (0.7%)  in 2013.

Alberta average prices are to rise only 2.3% next year after a 2.7% increase in 2012.

Average Price (click to enlarge image)

Sales Activity

Sales (click to enlarge image)

One response to “CREA 2013 Forecast For Canadian Housing Market

  1. As for my native Vancouver there are three main factors that will play a key role during the whole year – low mortgage rates, improving employment numbers, and increasing migration to B.C. from across Canada and abroad. Prices are projected to be flat and there should be an increase by 1 per cent. But nothing is certain and the threats such as the deterioration of global economy or inflation in the US could put a halt to the positive development of real estate market in both Canada and the US which would consequently be felt all around the world.

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