Canadian Housing Market News Evening Recap
May 7, 2008Canadian Home Sales to Dip in 2008 and 2009, Real Estate Agency Says - Canadian Economic Press
“Canada’s resale housing market will cool in 2008 and 2009, with the number of homes sold expected to drop and the pace of price increases to slow, according to a forecast issued Tuesday by the Canadian Real Estate Association (CREA).”
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More evidence housing market cooling - 660 News
“Two new reports are affirming the big chill is hitting our real estate market. R.B.C. Capital Markets is reporting a sharp decline in building permits is being led by this province, and the Canadian Real Estate Association says home sales will drop 19% in Aberta this year.”
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