The Conference Board of Canada has issued its latest metro market report including short-term expectations for average MLS prices. The largest year-over-year gains (7 per cent or more) are predicted for Victoria, Vancouver, Fraser Valley, Toronto, Oshawa, Hamilton; St Catharines and Windsor are expected to have gains of between 5 and 6.9 per cent; London, Kingston and Sherbrooke are looking at between 3 and 4.9 per cent; and gains are forecast of between 0 and 2.9 per cent for Edmonton, Saskatoon, Winnipeg, Thunder Bay, Sudbury, Kitchener, Ottawa, Gatineau, Montréal, Québec, Trois-Rivières, Saguenay, Saint John and Halifax. Price declines year-over-year are the outlook for Calgary, Regina and Newfoundland.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: