December did not disappoint in the real estate market. This was, frankly, not anticipated by many, but some of us saw the potential given growing economies world-wide. With the improving outlook in the consumer confidence in the US, EU, and Canada, it appears that a positive impact is being felt in real property. RBC has a perspective that seems to be echoing through the financial market http://business.financialpost.com/2013/12/30/canadians-heading-into-2014-with-rosier-outlook-on-the-economy/ . Importantly, "Consumers also feel more secure about their personal finances going into 2014 and that the still-hot real estate market will avoid a crash, the new data show."
2014 is shaping up to be a solid year of growth that creates new opportunities for sellers and buyers to benefit from proper positioning. Location will continue to be a primary feature in long term growth.
Even CMHC, Canadian Housing and Mortgage Corporation, who is typically ultra conservative is forecasting an increase in 2014 "residential construction will stabilize in early 2014 as stronger economic and migratory conditions support housing demand in Ontario. An improving U.S. economy will benefit Ontario's labour market."
So as we raise a glass to 2013 and look into the future, 2014 is looking rosy. All the best.