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home sale values: CMHC says Resale Home sales to stay strong - 10/30/08 09:46 PM
OCT 30/08
According to the Canadian Mortgage and Housing Corporation (CMHC), resale home sales will continue to be strong into 2009.
"...Existing home sales, as measured by the Multiple Listing Service(MLS(R))(1), which reached a record level of 523,701 sales in 2007, willmoderate in 2008 to 452,225 units. In 2009, MLS(R) sales will move to 433,375units. Despite a moderation in MLS(R) sales, demand for existing homes willremain strong by historical standards. With housing markets having becomebalanced across Canada, the rate of growth in the average MLS(R) price willmoderate. Average prices will reach $306,500 in 2008 and $306,700 in 2009."
Robert J. Morrow … (0 comments)

 

Robert Morrow

Hamilton, ON

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Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.


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