The future of Canadian real estate

September 1st, 2008

What does the future hold for the Canadian real estate?

Year 2007 was very successful for Canadian real estate market - the numbers are clear. Sales activity climbed over 520 000 units, up 7.6 percent from 2006 levels (the largest growth since 2002) and transactions via the MLS systems have reached more than 500,000 units sold. The average real estate sale price was up by 14.1% to $317,825 in December 2007 when compared to December 2006 (again the largest growth in recent years).

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