December 3rd - 2011

Market Watch: Real estate professionals anxious over future

Canadian real estate professionals are increasingly anxious about prospects for the next year, as a sector that has led the country’s economic recovery shows signs of slowing along with the broader world economy.

Canadian real estate professionals are increasingly anxious about prospects for the next year, as a sector that has led the country’s economic recovery shows signs of slowing along with the broader world economy. A PricewaterhouseCoopers report of Nov. 1 asked 950 Canadian, U.S. and Latin American industry executives about expectations for 2012. Canadian respondents worried that the job market would slow, leading to weakening confidence in the housing sector. Meanwhile, commercial deal flow could be constrained as buyers find the market stalled by a lack of willing sellers. Visit www.pwc.com/ca.

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For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246