Will the Upward Trend in Oakville Real Estate Continue?

Residential real estate in Canada outperformed expectations this past year, posting another solid year of housing activity across the board while surprising everyone! This trend, expected to continue next year as Canadians continue to demonstrate faith in home ownership, continues despite wide spread concerns over the European debt crisis and its impact on the global economy.
Population growth and immigration are major factors expected to increase the housing demand. Re/Max reports that since 2000, “Canada’s population has experienced double-digit growth of 11 per cent. By 2031, over 42 million people are expected to call Canada home,” and many of them are settling in safe communities such as Oakville.

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