Real Estate market getting better

Despite signs long-term mortgage rates are unfortunately creeping up, the housing market is continuing to bounce back to life right across the country, according to the Canadian Real Estate Association. Halifax Real Estate In June, 8.7% more homes were sold than in May. It's the fifth straight month of increases -- a 17.9% increase over June 2008. EXIT Realty Nova Scotia "This rebound reflects the releasing of a pent-up demand by buyers who moved to the sidelines toward the end of last year," said association chief economist Gregory Klump. EXIT Realty "Now there are signs the worst of the recession may be behind us, those people are emerging." The bounce back was strongest in British Columbia where 39.8% more homes were sold in June over the same month last year. According to the association report, Ontario was up 15.7%, Quebec 9.8%, Alberta 22.2%, Saskatchewan 25.2% and Manitoba 0.2%. Sackville Real Estate If you would like to see more numbers or discuss this further please contact me at 441-7714 or visit one of the following sites. Halifax Real Estate