Most Canadians expect home prices to keep rising in 2014, according to a survey by Point2 Homes.
Fifty-one percent of respondents expect to see a significant jump in local house prices this year, while 26% think they will remain largely unchanged. Only 23% said they expected home prices to decline.
Among respondents who anticipate an increase in real estate prices, the majority think they will rise by 8% on average. Those who said prices will head downwards estimate a drop of 14% on average.
The vast majority of Albertan respondents showed increased confidence in the local housing market fundamentals. While the national average sits somewhere around 51%, two thirds of survey participants in Alberta are confident home prices will continue to rise.
The lowest percentage of positive answers was recorded in Saskatchewan, where only 40% of believe home prices will remain on a growing trajectory.
Among real estate agents, 65% think the housing market is gaining positive momentum, while 50% of buyers and 49% of sellers are convinced prices will go up.