Toronto and Vancouver Real Estate Markets 2012

The BMO Economics focus just released shows insight into several of the major Canadian Real Estate Markets like Toronto and Vancouver.

Vancouver Real Estate reported the biggest average price increases (16 per cent) and the biggest Real Estate volume gains (sales and price gains combined) in Canada this year.

Just returning from Vancouver recently, I did notice several expensive listings in North Vancouver and a few along Point Grey Rd.

Toronto Real Estate has grabbed the title of the hottest Market in recent months. The unstoppable Toronto Condos Market, in both the downtown area and the (905) area are all contributing to very positive sales and average price increases.

Now Calgary and Edmonton are poised to lead Canada for the hottest  Real Estate housing markets in 2012.

In the past, it always appeared that when the Vancouver Real Estate market declined, the Toronto Real Estate Market increased so we will all have to wait to see what 2012 brings.

Most Realtors prefer stable resale prices along with strong employment growth to support the home buying public.