Friday, February 28, 2014

Seller’s market predicted in large cities‏

Market Watch:

Conditions for the real estate market across Canada continue to be strong and increasing prices are predicted for the spring market, a new report states.

The average house price increased between 1.2 and 3.8% in the last quarter of 2013, according to the Royal LePage House Price Survey and Market Survey Forecast.

Positive momentum is expected in 2014, with a market “tipped decidedly in favour of sellers for the first half of the year, after which we project a shift to a more balanced market,” says Royal LePage President Phil Soper.

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