Are Mortgage Rates and Home Prices Rising in Ontario?

Quarterly Forecasts from the Canadian Real Estate Association

“The national average price is now projected to rise by 10.5% to $489,500 in 2016, with a slightly smaller gain in British Columbia ($688,300; 8.1%) and a larger gain in Ontario ($535,700; 15.1%). Elsewhere, average prices are forecast to rise by 2.4% in Manitoba, 2.5% in Quebec and 1.9% in New Brunswick. Annual average prices in Alberta, Saskatchewan and Nova Scotia are projected to remain largely stable.”

A quote from the following article:

http://www.crea.ca/housing-market-stats/quarterly-forecasts/