Real Estate Curve

The confidence is coming back to the Canadian real estate market. The real estate curve in first time buyers as conducted by the Royal Bank of Canada is increasing, with majority saying it is a good time to buy. With over 2000 people surved in the second half of January 2009, 65% believe now is a buyers market, and 27% say they intend to buy a home this year or next.

Adults under 35 who do not own a property and rent will step forward and bring the market on a upward curve. Also in the same group 48% said they plan to buy, making this percentake 36% higher than last year.

Average prices are forcasted to fall 5.2% in 2009