June 10, 2010
2010 Housing Market Forecast
Did you know that the Canadian Real Estate Association recently moderated their housing market forecasts for 2010? The national average home price is forecast to climb by 1.6% in 2010, reaching $325,400 according to the report released June 2. Sales activity is expected to hit 490,600 units, up 5.5% from the year before and a record number. Slowing sales in the Western provinces were largely to account for the moderation in forecast performance, according to CREA.
