Has Canadian real estate finally peaked?

Second half of 2011 expected to be slower for real estate market



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Canadian real estate prices are expected to slow in the second half of 2011, said Royal LePage Real Estate Services in a market update on Thursday.

Prices steadily rose over the first two quarters of 2011 with a standard two-storey home up 6.1%, a bungalow up 7.5% and a condo up 3.5%.

By the end of 2011 the national prices are expected to be up a total average of 7.7% from 2010.

Vancouver experienced some of the largest price increases with standard two-storey homes rising 12%, but Regina took the lead as the city with the highest year-to-year increase. Thanks to a strong local job market, standard two-storey homes rose 15.6%.

On the other hand, Calgary actually had a price decline from 2010.

2 comments on “Has Canadian real estate finally peaked?

  1. When interest rates are low people feel comfortable in borrowing, especially for large ticket items such as a house or car. If people feel they will have a job to go to when they wake up every morning they will borrow to purchase those items they dream of owning, such as a house. So, if the economy stays good and the interest rates stay down we will have a good to great housing market. First time buyers are being targeted by the new government regulations on mortgages, but that can be a blessing in disguise especially if rates go up quickly and unemployment rises significantly. The outlook for the short term (next 2 years) should be a stable and strong housing market. Let’s hope nobody (government) screws it up. You are what you think so please no talk about doom & gloom or slowing markets.


    • Look at the stats pal, the housing decline has already begun. I am an optimist , but also a pragmatist. Most of these doomgloomers are all talk and get sick pleasure from posting gloom. However, look at the statistics and make informed opinions. Wishing something doesn't make it so. Interest rates cannot stay low forever and i feel sorry for people who get dooped by media and single celled ameoba aka brokers /agents. Dont worry too much, thing could be worse …See Greece, Spain, Ireland , Iceland ,Portugal, France, soon Italy, and so on.


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