The new survey says that the residential real estate market of Canada is going to remain very strong in the first 6 months of this year due to the robust finish to 2009.

According to the royal le page the effect of low borrowing cost has given rise in demand and that has driven the market to new highs. The property rates appreciated in the fourth quarter of 2009 were much higher when compared to 2008.

The prices of all the properties rose between 5% to 6%.All the property prices which had dropped down due to recession showed marked gains. The most expensive real estate market that is Toronto, British Columbia and Vancouver experienced a robust quarter with the increase in the property prices.

Royal le page executive Phil Soper says that the people of Canada have interest in acquiring the assets like the consumer durables but don’t have any interest in investing in the real estate.

According to the estimates of royal le page the prices of the real estate in Vancouver will increase further by 7.2% but however will remain constant in February due to the Olympic winter games.

The sudden rise in the market was due to the credit crunch in the US but the Canada was much quicker to recover when compared to its neighbors’.
The greater Montreal real estate board reports says that the sales of the houses increased by 3% when compared to 2009.
According to the chief executive of Montreal boards, Michel beausejour, the sales had decreased in the first four months of 2009, but the Montreal’s real estate market finished the year on a positive note.