Housing Market To See Greater Stability

Not a single Canadian city will see house prices fall in 2011, according to a market forecast by Re/Max, as low inventories prop up prices. The residential real estate brokerage said there will be “greater stability” in the market in 2011, with the national average price forecast to rise by 3 per cent to $350,000. It expects sales to stall, however, with about five per cent fewer transactions in 2011.