Talking about media mixed messages, just after we get the news on local real estate saying that prices are up, they hit us now with this national forecast..
Property sales in Canada this year are expected to drop back to 2000 levels before rebounding in 2010, according to a new report from the Canadian Real Estate Association.
The Ottawa-based group, which represents 100 boards across the country, issued a new forecast for 2009 and predicted sales would fall to 360,900. That would be a 16.9% decline from 2008. Sales last year fell 17.1% from 2007. Read the complete article.News Source: Property Wire
Posted by: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in high end condos in downtown and Old Montreal. For buying or selling contact Deya at: 514.917.7889 
Your headline reads: In Canada: Real estate prices predicted to fall back to 2000 levels. But the story you link to says: Property sales in Canada this year are expected to drop back to 2000 levels. So it's sales not prices. Either way a good read.
Indeed, the orginaly article mentions the same. The 2000 level refers as to the levels of sales from the year 2000
I think this is realistic, in recent weeks we have seen very nice results in toronto, february (compared to January) was up by 50%. I think the hardest time is over. We will not be back on 2008 or even 2007 levels for sure, but in some months i believe we can expect some moderate outcome…