2017 was a crazy year for Canadian real estate. Everyone was constantly wondering - will it crash? Money Sense said that in many parts of the country the housing market has found balance so far in 2018.
"Based on the sales-to-new listings ratio—where 50% is a balanced market—the overall Canadian market appears to be balanced, according to RBC Economics December Monthly Housing Market report.
Toronto and Calgary are also in balanced territory while Montreal and Vancouver are still leaning towards a seller’s market."
There’s never a dull day in real estate. Last year started off with a big nervous question: Will the Canadian housing market crash? In 2018, the new year started off with more of a sigh. Analysts across North America came out with various pronouncements of deceleration in activity and pricing, but the overwhelming consensus was that the nation’s real estate landscape would flatten out, even in the hot Toronto and Vancouver markets. It wasn’t too bold of a prediction. Activity was way down in the summer months of 2017, even as the number of listings was finally growing. This prompted...
2017 was a crazy year for Canadian real estate. Everyone was constantly wondering - will it crash? Money Sense said that in many parts of the country the housing market has found balance so far in 2018.
"Based on the sales-to-new listings ratio—where 50% is a balanced market—the overall Canadian market appears to be balanced, according to RBC Economics December Monthly Housing Market report.
Toronto and Calgary are also in balanced territory while Montreal and Vancouver are still leaning towards a seller’s market."