I recently read that Canada’s largest real estate broker has come out and indicated that they believe real estate prices will rise again in 2012. Royal LePage is a very professionally run, international real estate corporation controlled by Brookfield. Brookfield is a multi-billion dollar conglomerate with worldwide operations. They believe that prices will rise just less than 3% this year. Prices in the fourth quarter rose 4.2% nationally, and 10.9% in Vancouver.
I believe that this represents a conservative opinion. Real estate prices in Toronto will continue to rise until the next recession. I believe that is at least 5 years away.