Strength of Canada's real estate markets
Market conditions for real estate in Canada continue to experience healthy levels of buyer interest and price appreciation according to latest reports from real estate specialists.
Property in North America continues to suffer from too much stock and too few buyers but the same cannot be said for the folk across the border. Owners of property in Canada continue to enjoy strong trading conditions around the country and this trend is set to continue for many months to come.
Based on a flurry of sales of several mega dollar properties in the Vancouver area the Candian Real Estate Association have revisited their forecast for property prices during 2011, CREA now expect Canadian home prices to increase by around 4 per cent this year.
One leading expert believes Canada will avoid the type of crisis seen across America due in part to high employment levels and strong job growth.