The Canadian Real Estate Association (CREA) reported an 11.2 per cent increase in existing home sales from March to April, making the third monthly rise in sales in a row.
With the recent release of sales numbers, the CREA revised its previous forecast for the housing market, saying sales will come in at 370,500 for 2009 instead of 360,900.
I continue to see more activity in the lower end of the market due to first-time buyers and people returning to home ownership.
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