What To Expect From The Canadian Housing Market in 2019

2018 – The year when Canada’s housing market hit the brakes… What will happen in 2019?

The Canadian Real Estate Association sees home sales rebounding a little (2.1 per cent) in 2019 with home prices roughly keeping up with inflation (2.7 per cent). In Ontario, prices will likely climb a little faster (3.3 per cent) and in British Columbia, a bit more slowly.

Quebec, New Brunswick, Nova Scotia & Prince Edward Island can also expect modest price gains, while Saskatchewan and Newfoundland Labrador will experience a small dipping. The forecast for Alberta was stable, although that predated the recent oil price plunge.

The big banks expect interest rates to continue to rise between 2.25 per cent & 2.75 per cent by the end of 2019. Todd Schlanger, senior investment strategist at Vanguard Investments Canada says the Canadian economy will likely continue to grow in 2019, albeit at a slower pace than in 2018. 

Rather than a housing collapse, a more likely scenario is one in which home prices stagnate as household incomes slowly catch up. Another factor that might help keep the market stable is that rents are sky-high. This could help sustain the demand from homebuyers. 

Home buyers should be patient, and not count on price gains to make up for negative cash flow. And home sellers should be realistic and not fixate on “old peak prices” as they usually end up having to “chase the market down” watching their asking price gradually fall. If you are keen on selling, you have to be ahead of the market and possibly anticipate future prices declines.

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Will it crash? Here’s what to expect from the Canadian housing market in 2019

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2 Bedroom Townhouse In Uptown Burlington! Only 3 Years Old!
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Inviting 4 Bedroom Home In Burlington! Steps From Appleby GO!
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3 Bedroom Home On Large Lot In Burlington! Newly Renovated!
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Burlington Condos for Sale By the Aldershot GO! Under $300,000!
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Check out our Map for Location
Amazing Roof Top Gardens – View of the Lake.

The West Condos at Stationwest is a new preconstruction condo development by ADI Development Group located at Masonry Road in Burlington.

The West Condos at Stationwest will be 6 storeys with a total of 168 condo units. Estimated completion date is set for February 2019.

The West Condos at Stationwest Highlights:

-Located in the vibrant Aldershot Village
-Minutes from Downtown Burlington’s shops and restaurants
-Near Burlington’s Aldershot GO Station
-Close to the Waterfront
-Near LaSalle Park
Incredible LOCATION – Outstanding Builder – Gorgeous Suites – Call for Complete List.

Don’t Miss out on one of Burlingtons Best New Condos Next to the GO! That’s really a Great Opportunity to Invest.

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Sutton Group Realty

Phone: 905-896-3333
Business: 416-896-3333

Address: 101 Masonry Court

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Burlington Condos by the Aldershot GO!  Best Buys!
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1 Bedroom+Den – Great Layout for Only $369,900. Investors will love the proximity to the already existing Go. Minutes to Transportation
Check out our Map for Location
Amazing Roof Top Gardens – View of the Lake.

The West Condos at Stationwest is a new preconstruction condo development by ADI
It will be 6 storeys with a total of 168 condo units. Estimated completion date is set for February 2019.

The West Condos at Stationwest Highlights:
-Located in the vibrant Aldershot Village
-Minutes from Downtown Burlington’s shops and restaurants
-Near Burlington’s Aldershot GO Station
-Close to the Waterfront
-Near LaSalle Park

Incredible LOCATION – Outstanding Builder – Gorgeous Suites – Call for Complete List.
Don’t Miss out on one of Burlingtons Best New Condos Next to the GO! That’s really a Great Opportunity to Invest.

Looking to Buy in Burlington? – Our Team of Professionals are here to help. Have a Real Estate Question? No question too small — We help Home Buyers, Home Sellers and Investors / Landlords / Tenants.

A Quick Call when you have a question can give you peace of mind.

Sutton Group Realty

Phone: 905-896-3333
Business: 416-896-3333

Address: Masonry Court
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What is Your Home Worth?

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What is Your Home Worth?

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Independently Owned & Operated
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Homes For Sale Burlington

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Sutton Group Realty
Phone: 905-896-3333
Business: 416-896-3333
Address: Rolling Court, Burlington
Reference #: 3662736
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