Here’s what the Conference Board expects of house prices

The Conference Board of Canada has issued its latest metro market report including short-term expectations for average MLS prices. The largest year-over-year gains (7 per cent or more) are predicted for Victoria, Vancouver, Fraser Valley, Toronto, Oshawa, Hamilton; St Catharines and Windsor are expected to have gains of between 5 and 6.9 per cent; London, Kingston and Sherbrooke are looking at between 3 and 4.9 per cent; and gains are forecast of between 0 and 2.9 per cent for Edmonton, Saskatoon, Winnipeg, Thunder Bay, Sudbury, Kitchener, Ottawa, Gatineau, Montréal, Québec, Trois-Rivières, Saguenay, Saint John and Halifax. Price declines year-over-year are the outlook for Calgary, Regina and Newfoundland.

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