Royal LePage 2008 Real Estate Market Outlook

Posted in Real Insights | January 2, 2008

Did you know that the 2008 real estate market is forecast to offer steady yet moderate growth? Royal LePage predicts house prices nationally will rise 3.5%. Royal LePage CEO Phil Soper says Canada’s housing market should continue to thrive on sound fundamentals such as high employment, solid consumer confidence, modest inflation and relatively low cost of borrowing. Soper expects a move toward more balanced conditions in 2008, and Ontario markets specifically are anticipated to maintain relative strength and vibrancy, weathering stormy financial markets and adjusting well to the high value of the Canadian dollar.