The RE/MAX 2018 Housing Market Outlook Report is out!
"The 2018 average residential sale price expectation for Canada is an increase of 2.5 per cent as the desire for home ownership remains strong, particularly among Canadian millennials."
"This past year saw the single-family detached home and condo markets diverge on distinctly different paths in Canada’s two highest-priced real estate markets, Greater Vancouver and the Greater Toronto Area (GTA). The trend is expected to continue into 2018 as a mix of relative affordability for condo units and price appreciation for detached homes in recent years, combined with government policy changes in both markets, has helped push an infl ux of buyers toward condo ownership."
Download the full report: http://blog.remax.ca/remax-2018-housing-market-outlook/