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.
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.
