Q3 2006 Real Estate Market Performance

Posted in Real Insights | May 11, 2007

Did you know that Canada’s housing market exhibited moderate price increases and stable unit sales during the third quarter of 2006?
In his Q3 report, Royal LePage’s CEO Alan Soper said, “Canada’s sturdy housing market continued to demonstrate steady growth during the third quarter. For all but the west, we have moved on from the frenzied expansion that characterized the first half of this decade, and are poised to show continued growth at a more moderate pace.”
While the pace of price appreciation in Ontario levelled off slightly in Q3, the province’s real estate market remains poised for modest growth.
Added Soper, “Canada’s housing market is likely to outperform the American market through 2007. A number of factors are working in Canada’s favour, including healthy personal and governmental debt levels, the relatively modest rise in interest rates in our country, and general affordability in our major cities.” (November 4, 2006)