Resale Housing Sales On The Rise Nationally
Sales activity on the national scene here in Canada has increased for the third month in a row. acording to statistics released by The Canadian Real Estate Association. This echos the Toronto Real Estate Board Statistics - October 2010 that showed us getting back on track to a more normalized Market with average selling prices, monthly sales and sales to listings ratios all headed up.
" Three-quarters of local markets posted monthly increases in seasonally adjusted activity in October, led by Toronto and Vancouver." creanews.ca
This is another sign that our markets are returning to somthing closer to normal activity after last falls and early springs abnormal surge in home sales. Many believe that low interest rates are one of the keys to the improving sales numbers
"The continuation of low interest rates is supporting sales activity, which has been improving over the past few months in a number of major markets including Vancouver," said Georges Pahud, CREA's President
Further information can be found on CREA's Web Site
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While this information is useful in determining trends
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