(Source: Calgary Sun)
Canadian real estate markets have exceeded most experts’ expectations over the last year, but after going full throttle for 12 months, markets should slip into neutral this summer.
A Scotiabank global real estate trends report says low mortgage rates, increased consumer confidence and stabilizing job markets will help most Canadian regions remain sellers’ markets as strong demand and rising prices continue.
“I think you’re going to have a very active spring market, probably some cooling off in the second half of the year,” says Adrienne Warren, a senior economist at Scotiabank.
Read Myke Thomas’ full article “Canadian real estate markets switching gears” in the Calgary Sun (March 27, 2010).