Housing Starts Increase in June OTTAWA, July 9, 2009 — The seasonally adjusted annual rate 1 of housing starts increased to 140,700 units in June from 130,300 units in May, according to Canada Mortgage and Housing Corporation (CMHC). “The
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First-time buyers driving force in Canada ’s residential real estate markets, says RE/MAX Entry-level purchasers are now the engine driving home-buying activity in almost every major centre in Canada , according to a recent report released by RE/MAX.
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MLS® home sales hit eight-year December (monthly) low Published January 15, 2009 CREA The number of properties sold via the MLS® systems of real estate boards in Canada edged down further in December 2008 to reach the lowest level for the month
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Total listings for the month of December were up 6% over 2007 with 603 new listings. That brought a year end total of 14142 listings for the year, which is a decrease of 5% over 2007. Total number of sales were down 5% to 203 as compared to December 2007.
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Threat of global recession to hinder home sales in major Canadian housing markets in 2008 and 2009, says RE/MAX Recovery linked to economic stability next year Global economic uncertainty weighed heavily on residential real estate activity in most major
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