Real estate market set to spring into action

By Jamie Henry
A report by one of Canada’s largest real estate companies says the country’s real estate market is poised for a robust spring and summer.

RE/MAX’s Spring Market Trends Report, showcasing key housing market trends in 24 residential real estate markets across Canada, found increased activity in local housing markets across Ontario and Eastern Canada as winter fades and temperatures rise.

An unusually harsh winter delayed the start of the spring real estate season in many Canadian markets east of British Columbia, while low inventory was a key theme in major urban centres across the county, leading to significant price increases in markets where supply struggled to keep pace with demand. Natural resources, manufacturing and major infrastructure projects continue to drive economic confidence, creating a strong foundation for residential real estate growth from coast to coast through the rest of the year.

Click here to read the full report.

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