Housing Market News: CREA says housing market can still grow

Home sales and prices are expected to still grow over the next two years, even at a slower pace, says CREA, the national organization of real estate agencies.

In a new forecast released Monday March 17th, CREA predicted that sales volumes would continue to grow this year to 463,700 units — a 1.3 per cent gain — over 2013, although that is below the association’s projection in December.

“The national forecast reflects a combination of recent and projected real estate market trends that can be very different depending on their location due to many local factors,” said Laura Leyser, CREA President. “For that reason, buyers and sellers should talk to their REALTOR® about the housing market outlook where they live or might like to.”

Read the full report and CREA's updates on the housing market: 

CREA Updates and Extends Resale Housing Forecast

If you want to learn more about the local housing market outlook or get insight into prices for real estate in Whitby, Brooklin, Ajax, Pickering, Oshawa, Courtice and Bowmanville, please contact me today or visit my website. 

Randy Miller
Sales Representative
Re/Max Rouge River Realty Ltd., Brokerage
905-668-1800 or 905-427-1400
randy@randymiller.ca
www.randymiller.ca