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Industry News

 The Canadian housing market is expected to stay strong in 2014, while sales of previously owned homes now look to come in slightly better than expected this year, according to the country’s largest real estate association.

 

The Canadian Real Estate Association’s 2013 sales projections, released Monday, have risen slightly across Ontario and the four western provinces. And the group says prices have been generally firmer than originally forecast.

 

“Most housing markets are well balanced, including many large urban centres,” said Gregory Klump, CREA’s Chief Economist.

 

“Housing price gains are always stronger in places where supply is tight relative to demand, such as we’re seeing in Calgary and in parts of southern Ontario including the low-rise market in Toronto.

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