What can homeowners, buyers and sellers expect in 2017? Real estate experts have a positive outlook for 2017 and are predicting continued growth. “Opportunities in the Canadian market continue to be abundant but no two markets are the same,” says Frank Magliocco, partner and national real estate practice leader at PwC Canada.
Commenting on the U.S. market, National Association of Home Builders Chairman Ed Brady said, “Ongoing job growth, low mortgage rates and rising incomes are contributing to a firming housing market and economy.” He added, “Though some areas are recovering faster than others, the overall trend is positive.”
Here are three trends that are expected to have a significant impact on housing over the next 12 months: