RE/MAX Canadian Outlook: A ‘Static’ 2011

Residential real estate sales in Canada won’t change much in most major cities, according to the RE/MAX Housing Market Outlook 2011.

The report, which examines trends and developments in 26 major centres across the country, found that home-buying activity in 2010 fell short of 2009 levels. Housing values, however, continued to climb, with virtually all areas reporting an upswing in average price, ranging from just under one per cent to 15 percent this year.

“Low interest rates and improving consumer confidence levels should stimulate home-buying activity at all price points next year,” says Sylvain Dansereau, Executive Vice President, RE/MAX Quebec. “Overall gains will be more muted – a welcome reprieve for purchasers. 2011 will be a year that will see more widespread recovery across a broader array of economic sectors, setting the stage for a better 2012.”

Elton Ash, Executive Regional Vice President of RE/MAX of Western Canada, discusses the report’s findings in an overview video; Michael Polzler, Executive Vice President of RE/MAX Ontario-Atlantic Canada, also examines the numbers in a regional video.

Canadian Associates can use the report to their advantage and add it to personal websites, newsletters, blogs, email or social media sites like Facebook and Twitter.

More than 200 Canadian news outlets featured the report. Here are some links:

The Globe and Mail – Housing marketing to see ‘greater stability’

CBC News – 2011 housing sales to be flat: RE/MAX

Winnipeg Free Press – Resale home market to level off in Winnipeg: RE/MAX

Bullfax.com – RE/MAX forecasts gains in housing prices across country

The Province – Vancouver house prices keep rising

The Calgary Sun – Calgary real estate market to remain flat next year

Victoria Times-Colonist – 2011 market about ‘stability’

© 2010 RE/MAX, LLC. RE/MAX Affiliates may share this article, provided they do not charge for it and this notice is included. All other rights reserved.

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