Housing sales in Canada will grow steadily at 2 per cent in 2014, following the lackluster pace established by the market in 2013
The report by Yahoo Finance quotes economists who maintain that this moderate increase will herald a year that will be generally trouble-free. Diana Petramala of TD Bank says that sales in 2014 will be marked by stability.
Meanwhile, Robert Hogue of RBC Capital Markets opines, “Although the risk of a downturn in the national market cannot be entirely dismissed, we judge that it is limited.”
These more-hopeful economists have reasons for their optimism. While predictions in late 2012 warned of a tumultuous market the next year, no housing bubble market erupted in 2013. Instead, prices of housing gradually increased with Vancouver and Toronto among the cities making the most remarkable recovery.
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