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Balanced and stable outlook for the property market in Canada, according to real estate association

Discussion in 'North America Real Estate' started by Nicholas Wallwork, Jun 17, 2010.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]Residential property sales in Canada and new listings are slowing in a trend that will keep the real estate*market balanced and prices stable, it is claimed.

    The latest figures from the Canadian Real Estate Association (CREA) show that activity fell nationally by*9.5% in May from near record levels the previous month. This is put down to a combination of changes to*mortgage regulations and rising mortgage rates pulling forward a number of sales in April that would otherwise*have taken place at a later date.



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