Due to low interest rates and strong markets in Toronto and Vancouver, several experts are predicting a steady year for the overall housing market in Canada in 2016.
The national average sale price is forecast to reach $448,700 in 2016, up 1.4 per cent from 2015, the Canadian Real Estate Association (CREA) says. That’s more moderate than the 8.4 per cent increase seen this year.
But the key 2016 housing story is one of regional variations — and some regions of the country are going to come out in much better shape than others.
Click here to read more about the predictions for Canada's housing market.