Canadian real estate markets remain “remarkably buoyant,” especially in light of the deepening housing downturn in the United States and the generally softening conditions in most other advanced economies globally, says a national report released Tuesday. The the Real Estate Trends report, by Adrienne Warren, senior economist at Scotiabank, said from a housing demand standpoint, “economic conditions still favour Western Canada, with its booming resource-based industries and extremely tight labour markets. “Yet, affordability is becoming a constraining factor in several centres, including Calgary where average home prices have doubled in the past four years.

Filed under: Statistics | 1 Comment »