RE/MAX has just released their 2011 housing outlook for Canada. Overall, markets are expected to stabilize with a variety of results across Canada. In Victoria, sales volume is expected to grow by 8% with prices to increase 6%. Considering that prices have softened by 5-7% in the second half of 2010, that figure is quite believable. In the last 2 months, we have already seen local price and volume recovery in most market sectors when compared to the summer months.
If you would like to read the entire report just click here.
