If you're thinking about buying or selling a house, now's as good a time as any.
Results from the RE/MAX Canadian Homebuying Trends Suvey indicates Canadians are confident about the housing market with 83 per cent saying they think prices will stay the same or go up.
Gurinder Sandhu is the Executive VP and Regional Director of RE/MAX Ontario-Atlantic Canada and says Canadians don't believe the headlines that the sky is falling -- and low interest rates and the economic outlook are the main reasons why.
The survey shows only 10 per cent of Canadians think their homes will decline in value.
70 per cent of buyers over the next 24 months are projected to be second time, or multi-time home buyers who have built up sufficient equity over the years.
Sandhu adds that first time home buyers are still a force to be reckoned with. He says that demographic is projected to make up 30 percent of purchasers over the next 24 months thanks in part to a significant amount of savings for a down payment.