The housing market will continue to be “buoyant” throughout this year but with “significant diversity” across regional markets.
The housing market will continue to be “buoyant” throughout this year but with “significant diversity” across regional markets. That’s the latest forecast from RBC Economics which published its economic outlook yesterday (Thursday). With accelerating growth in the economy in Ontario, BC, Manitoba and Quebec, the report expects markets to benefit. However in Alberta, Saskatchewan and parts of Atlantic Canada it expects activity to weaken. Nationally the report calls for 1.7 per cent growth in resale sales and prices gaining by 3.4 per cent. In 2016 RBC Economics is predicting resale activity “to weaken across the board and prices to edge lower as increasing interest rates damage affordability.”
