Good News for Canada and the US
According to the British Columbia Real Estate Association, things are looking bright on the horizon, on both sides of the border. Most certainly this is welcome news, so I must share it! Below is their latest take on things:
"Canadian Manufacturing and US Housing Starts - January 19, 2012"
"Canadian manufacturing sales bounced 2 per cent higher in November, following an 0.8 per cent monthly decline in October. The gains were driven by higher sales in the petroleum and coal products industries along with strength in the auto sector. Total manufacturing sales were 1.7 per cent higher in volume terms. Higher sales were reported in 80 per cent of the manufacturing sectors surveyed. Sales by BC manufacturing firms grew 0.9 per cent month over month in November and were almost 6 per cent higher than in November 2010.
South of the border, US housing starts (a key bellwether for BC's forestry sector) fell 4.1 per cent in December, coming in at a seasonally adjusted annual rate of 657,000 units. However, the pace of housing starts in the fourth quarter of 2011 represented a post-recession high, a strong signal that US home construction should continue to improve in 2012."
What a pleasureable read this is!
It appears that they are anticipating 2012 to be a year of good growth for both countries, and as real estate agents, we are more than ready to ride that tide...are we not? I look forward to a year of doing business with my Active Rain family and of prosperity for us all. What is your take on this? Looking forward to your comments!