Canadian home resale numbers back above 2008 levels

Canwest News Service

OTTAWA - Business is booming in the Canadian resale housing market and will continue to do so, according to a report released Friday that shows November sales back above 2008 numbers in all 28 markets surveyed.

The Conference Board of Canada report also showed higher year-over-year prices in 24 of those markets.

While the Canadian real estate market didn't suffer the same kind of collapse seen in the United States, it did see a correction due to the economic downturn.

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Grant Ostapowich

Grant Ostapowich

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