Canadian Property Forecasts 2015
Canada spent a great deal of the last 24 months battling bubble rumours and trying to carefully balance markets with new regulation and capital flow. Now the nation appears to be one of the first to have successfully avoided a softening.
There is overwhelming evidence encouraging positive expectations for future growth and performance of the Canadian property market. Alberta’s market has been booming, and even Toronto’s has proven to outperform expectations over the last year.
New figures from research and data collection firm RealNet Canada shows Toronto’s new condo sales soaring by 94 percent and sales of new detached homes are up by 84 percent.
This broad show of positivity, backed by hard figures will likely make Canadian real estate even more attractive on the international investment map in 2015.