Housing Values Rising in 2011!
December 7th, 2010 § 1 Comment
Residential values expected to climb further in 2011 as housing sales stabilize in most major centres, says RE/MAX. Although improved economic fundamentals will have a positive impact on Canadian housing markets moving forward, the forecast for residential real estate sales remains static in most major centres in 2011, according to a report released today by RE/MAX.
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Ahmed you obviously are not familiar with our market which by the way is the BEST REAL ESTATE MARKET ON THE PLANET. The average home selling price in 2010 in our market was $431,463 – up nine per cent in comparison to the 2009 average selling price of $395,460. In December, the average annual rate of price growth was 5%.
Currently we have low supply and big demand so rest assured, prices WILL increase.