A new real estate forecast for Canada predicts ups and downs ahead in 2017: Vancouver will slump, the GTA will soar, and Alberta should see some recovery after a rocky few years.
Real estate in Canada’s largest markets became increasingly unaffordable for many in 2016, and the spectre of a crash loomed.
“The price of a home in Canada increased 13.0 per cent year-over-year to $558,153 in the fourth quarter of 2016 – the highest year-over-year national home price increase recorded in over a decade,” stated a Royal LePage forecast released Thursday.
