CREA Updates Housing Forecast!

You may have heard on the news last night that the Canadian Real Estate Association has revised its forecast of 2011 and 2012.  In most areas sales and prices remained stronger than expected in the second quarter so as a result the 2011 national forecasts for sales and average price have been raised slightly.

Please keep in mind that these are averages, but there are wide variations within provinces and even towns.  Something for property owners in Toronto to keep in mind - we rarely see the wide fluctuations and multiple offer markets that you have in the past year+ in  Collingwood and surrounding area.  This tends to be a very stable area over the long term. 

Betty Hancey

Betty Hancey

Sales Representative
CENTURY 21 Millennium Inc., Brokerage*
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