Home sales

Existing home sales from the Canadian Real Estate Association for February were reported down 1.5% to 42,799 units. After the strong recovery, it noted that "Demand and supply were coming into balance in the re-sale market". Actual unadjusted existing home sales were up 44% from the depressed level a year ago. The residential average price was up 18.7%. The strong recovery speaks to the resilience of the consumer and the Canadian economy.

For up to date market info contact Jennifer Sanderson at 604-992-5844, or visit www.jennifersanderson.ca

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