March 21st - 2014

Market Watch: Seller’s market predicted in large cities

Conditions for the real estate market across Canada continue to be strong and increasing prices are predicted for the spring market, a new report states.

Sold sign outside a property

Sold sign outside a propertyConditions for the real estate market across Canada continue to be strong and increasing prices are predicted for the spring market, a new report states. The average house price increased between 1.2 and 3.8% in the last quarter of 2013, according to the Royal LePage House Price Survey and Market Survey Forecast. Positive momentum is expected in 2014, with a market “tipped decidedly in favour of sellers for the first half of the year, after which we project a shift to a more balanced market,” says Royal LePage President Phil Soper. To read the full release, visit www.royallepage.ca and click on Media Room. 


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