Monday, March 21, 2016
The Canadian Real Estate Association (CREA) posted Home resale numbers February 2016. They slightly increased their national numbers forecasts from a 1.1% decrease nationally to a slight increase of 1% overall. While the CREA felt home sales were strong enough to up their forecast for the year, the figures are really a mark of two very strong cities, Vancouver and Toronto and down turning real estate prices in Alberta, Saskatchewan Newfoundland and Labrador. Home resale numbers from the Canadian Real Estate Association were good enough for the organization to up its forecast for the year. CREA has gone from projecting a slight, 1.1% decrease in sales to a slight, 1.0% increase.