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Blog by Mario Felicella - Sutton Group Westcoast Realty

Canadian Consumer Confidence Rises to 3-Year High on Real Estate

April 24th, 2014

Canadian consumer confidence surged to the highest in more than three years amid rising optimism over the outlook for real estate and the economy.

The Bloomberg Nanos Confidence Index climbed to 60.0 in the week ended April 18 from 59.0 the previous period, the highest level since March 2011. Declines in measures of job security and personal finances tempered the gain.

Buyers are retur ...

Canada's real-estate market poised for a robust spring and summer

April 15th, 2014
Today RE/MAX released its Spring Market Trends Report, showcasing key housing market trends in 24 residential real estate markets across Canada.

An unusually harsh winter delayed the start of the spring real estate season in many Canadian markets east of British Columbia, while low inventory was a key theme in major urban centres across the county, leading to significant price increases ...

Warmer weather sparks real estate pickup

April 11th, 2014

Improving weather is sparking a spring pickup in Canada's residential real estate market, according to one of the country's leading real estate companies.

Royal LePage says that after a "remarkably drab winter" for real estate activity, the final month of the first quarter saw inventory increase noticeably as the industry saw what had been an underperforming spring market turn a co ...

Property prices and sales in Canada forecast to rise steadily in 2014 and into 2015

April 4th, 2014
The Canadian Real Estate Association (CREA) has updated its forecast for home sales and prices, saying it expects transactions and values to increase during the spring months and into 2015.

The national average home price is forecast to rise by 3.8% to $397,000 in 2014, with similar sized gains in British Columbia, Alberta, and Ontario. Modest changes in average prices are forecast for all ...