Almost 90% of major Canadian Markets saw home sales increase in January, a sign that spring market will be challenged bya lack of inventory. According to 2010 Market Trends Report, the jump in sales activity in usually slow month of January has led to a sharp decline in active listings. Adding to that are threats of higher interest rates, tighter lending rules and HST. Canadian Markets seeing the tightest inventory levels include Toronto, Kitchener-Waterloo, Ottawa, Victoria, Great Vancouver and HAlifax-Dartmouth.
Low Inventory, HIGH Demand -squeezes SPRING MARKET
- March 25, 2010
Broker of Record
CENTURY 21 New Star Realty Inc., Brokerage*