Prices were pulling out of tailspin this time laster year, so double digit year-over-year increases may still be seen – but will get harder…
(Source: The Globe and Mail)
Homeowners have grown accustomed to their monthly ego boosts courtesy of the Canadian Real Estate Association’s update on price gains. Double-digit increases have been the norm for the past six months, as record-low interest rates spurred demand and helped the industry bounce off the recessionary lows hit in February, 2008.
The association – which tracks sales via its Multiple Listing Service – will release stats for March on Thursday. The numbers should show another healthy gain as homeowners in Ontario and British Columbia try to beat new taxes that will be in place this spring.
Read the full article, “HOUSING DATA” in the Globe and Mail (April 12, 2010)