Meaning, there is a prediciton that the Real Estate market will be active with Sellers hoping for a 'Spring Rebound' and there will be Buyers, looking for a 'deal'.
But as Bank of Montreal economist, Douglas Porter puts it:
"...Any number of factors could upset the balance, and the tilt could go either way"
The rest of the article goes on to state that so far sales have slumped, with the most recent numbers showing a 19.4% drop in December, compared to a year earlier.
This could be the soft landing that many economists have been predicting.
There is still the risk that the market could spriral down into a 'viscious circle' as the mortgage rules in Canada were tightened last year.
On the other hand, the Market could climb and regain itself as a mirror to the US market as they continue to grow strong.
Still with these two different scenairos, Porter is putting his money on the scenairo that "real estate prices in Toronto, at the end of 2013, will be slightly lower than they were at the end of 2012".
For more on this article, click here:
http://www.theglobeandmail.com/life/home-and-garden/real-estate/what-will-spring-bring-for-toronto-real-estate/article7462372/
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