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RE/MAX Releases 2017 Housing Market Outlook Report!

Check out the RE/MAX Housing Market Outlook 2017!

Canadian home prices expected to increase by two per cent in 2017 as demand remains high

Other findings in this year’s report:

– High demand and low supply continued to characterize Vancouver and Toronto’s housing markets throughout 2016 as competition from buyers for limited inventory of single-family homes pushed prices higher.

– Calgary and Edmonton’s housing markets remained relatively stable, with moderate declines in the number of sales and average residential sale price as a result of the prolonged recovery of the oil sector over the past two years.

– Home ownership remains a priority for Canadians, with 53 per cent of respondents in a recent RE/MAX survey expressing intent to purchase a home and 47 per cent expressing intent to do so in the next five to 10 years.

Connect with us on Facebook and Twitter and be sure to Share/ReTweet posts about the report!

If you have any questions about this year’s Housing Market Outlook Report, contact:

Wade Paterson
Social Media/Communications Coordinator
RE/MAX of Western Canada
wpaterson@remax.net

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