RE/MAX Releases 2018 Housing Market Outlook Report
The 2018 RE/MAX Housing Market Outlook Report is out!
“Canadian home prices expected to increase by 2.5% in 2018”
Findings in this year’s report:
– This past year saw the single-family detached home and condo markets diverge on distinctly different paths in Canada’s two highest-priced real estate markets: Greater Vancouver and the Greater Toronto Area
– As oil prices continue to stabilize, both Calgary and Edmonton have experienced modest average residential sale price increases in 2017
– The new OSFI mortgage qualification rules that come into effect on Jan. 1, 2018 impacted housing market activity toward the end of this year and are expected to slow activity in real estate markets across Canada in the first part of 2018
– Canadians continue to look for balance between affordability and amenities outside of major urban centres
Plus, detailed data and projections for nine Western Canadian markets, including: Victoria, Greater Vancouver, Fraser Valley, Kelowna, Calgary, Edmonton, Saskatoon, Regina and Winnipeg.
Each city section covered in this year’s report can be customized in Design Center! Simply search: “Outlook Report”
We’ve also created a video summary of the report that you can share on social media!
If you have any questions about this year’s Housing Market Outlook Report, contact:
Social Media/Communications Coordinator
RE/MAX of Western Canada