The annual Emerging Real Estate Trends report from the Urban Land Institute and PricewaterhouseCoopers forecasts that the overall real estate market in Canada will continue to be steady well into 2015, while Calgary, Edmonton, Toronto and Vancouver will take it up a notch as 'best bets' based on investment, housing and development.
The study predicts, "Economic growth in western Canada will continue to drive significant opportunity in Vancouver, Calgary, Edmonton, and Saskatoon in the residential, commercial, and office sectors. Despite continuing and ongoing concerns about overvaluation, Toronto's housing market continues as a solid performer, while office and industrial sectors remain strong. Montreal looks to revitalize its treasured retail district to boost an increasingly condo-driven core. In Atlantic Canada, Halifax will build up commercial and office space while hoping for the residential market's sluggishness to end. And everywhere, industry players will search for opportunities in and around the city cores— capitalizing on the trends of urbanization and reverse migration that show little sign of abating."
If this is the year you plan on making a move, please call today to discuss your buying and selling goals. We'll sit down and review your current housing situation and the latest market activity in your current location, and the area you're interested in moving to. Taking the time to do your research now, before the market gears up for the busy spring season, makes sense for both buyers and sellers.
Please call today for your no-obligation real estate review!