2016 Housing Market Outlook Report
December 9, 2015
Jeff Benna (RE/MAX Real Estate Services)
The RE/MAX 2016 price projection for the average residential sale price is 2.5%, based on continued demand in Greater Vancouver and the Greater Toronto Area.
Many regions in Canada posted year-over-year gains in average residential sale price. The exceptions were primarily regions that rely heavily on the oil and natural resource sectors. Regions such as Victoria and Fraser Valley reported a spillover effect from the price increases in Greater Vancouver
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