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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