RE/MAX 2019 Housing Market Outlook


Modest price increases are expected in 2019, as the RE/MAX 2019 Housing Market Outlook estimates the average sales price to increase by 1.7 per cent. Housing markets across the country have stabilized in 2018, after the unprecedented increases in average sales price that many markets experienced in 2017. However, there continue to be some outliers in 2018 average sales price gains, particularly in areas outside of the main city centres, such as Chilliwack (+ 13%), Windsor (+13%), London (+17%) and Charlottetown (+11%).

It is anticipated that the market will continue to stabilize, as Canadians will start to feel the pinch of higher interest rates as they move forward with their home-buying plans in 2019. A recent survey revealed almost one-third (31 per cent) of Canadians said higher interest rates have not affected their ability to get an affordable mortgage thus far. However, this is expected to change in 2019. A separate survey of RE/MAX brokers and agents found 83 per cent predict rising interest rates will make it more difficult for Canadians to purchase a home next year.

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To all my Amazing clients

I am a Proud & Trusted partner in your journey to realizing your Real Estate lifestyle goals.
I feel a true sense of accomplishment in meeting your needs & creating lifelong friendships.
A heartfelt thank you to all who voted , it’s very much appreciated & an honour

Jeff Pennington

Client Appreciation Day

Thanks to these clients for coming out to my Client Appreciation Day. It’s called Track Day for Charity so beyond being a heck of a lot of fun we also raise money for the Canadian Cancer Foundation.

Here’s what one of my clients said about the day:

“In a modded Porsche GT3RS on a racetrack as a passenger that clocked over 250 km per hour on straightaways and tracking tight corners at nearly 100 km per hour with a race driver at the helm is an epic adventure everyone should experience… the G force you feel alone is mind blowing and will humble you… modded Audi R10… just wow…thanks to Jeff for crossing that one off the list!! If anyone in my network is considering a real estate transaction in the Tri-cities he’s your guy!”