The recovery of Canada’s resale housing market is recovering with unprecedented speed and magnitude according to the Calgary Herald and based on forecasts by the Canadian Real Estate Association. In particular, Alberta has had one of the “most dramatic revisions in terms of unit sales”….
(Source: Calgary Herald)
The speed and magnitude of the resale housing market’s rebound has been unprecedented and that recovery has prompted the Canadian Real Estate Association to revise its forecast for sales and prices for the rest of this year and into 2010.
That revision is significant for Alberta.
Read the full article by Mario Toneguzzi “Home sales forecast points to rebound” in the Calgary Herald (August 28, 2009).
For additional reading see:
B.C. real estate on an upward climb for the rest of ’09 – Vancouver Sun (August 27, 2009)
REUTERS: Canada home prices seen rising, sales stabilizing – (August 27, 2009)