Remax Market Outlook
03/12/08
As expected, residential real estate activity in most major Canadian housing markets fell short of recordbreaking levels set in 2007. While the fi rst half of 2008 was off to a strong start, growing concerns regarding credit crises, stock market volatility, and the global economy put the brakes on home buying and selling in the latter half of the year. By year-end, an estimated 440,000 homes are expected to change hands in Canada, down 15 per cent from one year ago. Canadian real estate values, propped up earlier in the year, are forecast to hold relatively steady in virtually every centre in 2008. [Read More]
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