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CREA Increases 2009 Housing Sales Estimate popular

Strong home sales in the summer have prompted the Canadian Real Estate Association to dramatically increase its forecast for sales figures for this year. The agency is now predicting 432,600 units will change hands this year. That's only 0.4 per cent below the 2008 figure, and it's significantly more than the 14.7 per cent sales decline the agency was forecasting as recently as May.

Title of Report:

CREA Increases 2009 Housing Sales Estimate

Publisher:

Canadian Real Estate Association

Publication Date:

2009-08-27

Report Description:

Strong home sales in the summer have prompted the Canadian Real Estate Association to dramatically increase its forecast for sales figures for this year. The agency is now predicting 432,600 units will change hands this year. That's only 0.4 per cent below the 2008 figure, and it's significantly more than the 14.7 per cent sales decline the agency was forecasting as recently as May.

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