CREA Updates Resale Housing Forecast
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity for 2012 and 2013.
The Canadian Real Estate Association (CREA) has released a forecast of Canada's expected resale activity and home prices in the remainder of 2012 and 2013. The forecasted statistics show an optimistic view of Canada's real estate market. Spring 2012 sales activity was stronger than anticipated, fueling the expectation for continued resilience in the coming months.
Wayne Moen, the President of CREA, contributed the following statement to the report: "National activity over spring months was stronger than anticipated ... This shows clearly how the continuation of low interest rates is keeping homeownership affordable and within reach."
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