Re/Max announced recently that the Canadian Real Estate market will move into the new year with enough momentum to push prices of a home to a record high.

The forecast released by Re/Max expects total Canadian home sales to top 465,000 units, up 7 per cent from 2008. The average price for a home is estimated to jump 5 per cent to $318,000.

Real Estate across Canada somehow managed to gain momentum from one of the worst world-wide economic downturn in recent decades.

Here is what Re/Max sees for Canadian Real Estate Markets in 2010:

• Sales in 19 of 23 markets to rise over 2009 levcels
• Housing values to increase in 91 per cent of Canadian centers
• Low interest rates
• Rising consumer confidence
• Improvement in Economic conditions
• Any decline in inventory will push prices higher

Re/Max expects Western Canada to lead the sales charge next year with upswings in the Kelowna, Victoria and Calgary Real Estate markets.

For 2010, Re/Max expects the number of resale homes sold in Canada to climb to 475,000, a 2 per cent increase and the average price rising to a record high of $325,00, a record high.