The headline in a RE/MAX Press Release today reports:

Moderation—not correction—on tap for Canadian housing markets in 2013, says RE/MAX

Mississauga, ON (November 14, 2012) — Canadian real estate markets demonstrated remarkable resilience in 2012—with home sales up or on par in 65 per cent of major centres—despite considerable headwinds in terms of tighter financing and economic uncertainty abroad.  The trend is expected to continue, with home-buying activity propped-up by low interest rates and an improved economic picture in 2013, according to a report released today by RE/MAX.

Click here to download the full Press Release here.