The number of resale homes sold in Canada is forecast to hit 459,600 in 2010, a 1.2 per cent decline from 2009.
Sales are projected to drop even further, by 7.3 per cent, to 426,100 units in 2011. The national average price is then forecast to ease by 0.9 per cent to $328,600 in 2011.
Not so great, but it’s definitely not going to be a giant bubble burst like our irresponsible neighbours to the South. Really, prices have made double-digit gains in the past year, so an easing of 0.9% isn’t that bad at all.