The Voice of Real Estate
RE/MAX is your go-to-source for real estate insights and a trusted Google News partner.
Nobody sells more real estate than RE/MAX, and with over 18,000 RE/MAX Agents throughout Canada, our finger is firmly on the pulse of what’s happening in today’s market. It’s why major Canadian media outlets constantly turn to RE/MAX for insight into what’s happening in real estate. Our reports break down market trends while addressing hot topics and tough questions that are important to Canadians.
Modest price increases are expected in 2019, with RE/MAX estimating the average sales price to increase by 1.7 per cent. Housing markets across the country stabilized in 2018 following unprecedented price increases in many markets experienced in 2017. However, there continue to be some outliers.
Buoyed by a strong summer market, demand for detached homes in the GTA is finally on the upswing, as active listings fall and average prices start to rebound, signalling an end to the housing market correction.
A recent survey of RE/MAX brokers and agents found that in 91 per cent of popular Canadian recreational property markets examined, retirees were the key factor driving activity. This is in contrast to just 55 per cent last year.
This past year saw single-family house and condo markets diverge on distinctly different paths in Canada’s two highest-priced real estate markets, Greater Vancouver and the Greater Toronto Area. The trend is expected to continue into 2018.