CMHC recently released their numbers for August and it is a reason to smile. Their seasonally adjusted rate for new housing starts was up 12.1% to 150,400. Not as good as 2008, but better than they had originally forcasted so some signs of recovery in the air.
At our local board, August was very good. Our volume sold was 3% higher than Aug '08 and 4% higher than Aug '07. Our average mls price was up to $164,103 versus $157,247 in August last year. Our market continues to gain ground as the year progresses which is great news.