2007 Real Estate Market Forecast

Posted in Real Insights | May 11, 2007

Did you know that Canada’s housing market is poised for continued, moderate growth in 2007? The Royal LePage 2007 Market Survey Forecast predicts average house prices to rise by 6.5%. This healthy and stable market is built on a solid economic foundation, characterized by low unemployment, higher incomes, strong consumer confidence and moderate interest rates. Phil Soper, President of Royal LePage Real Estate Services says, “Looking ahead to 2007, our plucky housing market should soldier on, with prices rising comfortably, as key economic fundamentals underpin consumer confidence.” (February 17, 2007)