Ontario house prices, sales will increase 2012-2013 predicts Central 1 Credit Union
Fears of bubble, price collapse are overblown report says
TORONTO, 20 April 2012—Ontario house prices will keep hitting new records for the next three years, says the latest forecast, Ontario Housing Outlook 2012-2014, released today by Central 1 Credit Union.
“We expect prices and sales will continue to grow for the rest of 2012 and through 2013,” said chief economist Helmut Pastrick. “Central 1’s forecast is for Ontario’s economy to grow moderately in coming years and the housing market will keep pace. Sales will slow a bit in 2014 but prices will keep rising.” [More]
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Market Remains Tight with Sales Up in April
May 3, 2012 -- Greater Toronto REALTORS® reported 10,350 transactions through the TorontoMLS system in April 2012. This level of sales was 18 per cent higher than the 8,778 firm deals reported in April 2011. The strongest sales growth was reported in the single-detached market segment, with transactions of this home type up by 22 per cent compared to a year ago. [More]
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