CREA boosts annual forecast

The number of Canadian homes that changed hands rose in August month-over-month for the seventh month in a row, bringing sales to their highest level since January 2010.  The strength that the housing market is showing has prompted the Canadian Real Estate Association, which represents the nation's realtors, to boost its forecast for sales this year.  It now expects that 475,000 existing homes will sell in 2014, up 3.8 per cent from last year. In June it expected that number to be 463,400

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Michael James

Michael James

Sales Representative
CENTURY 21 Explorer Realty Inc., Brokerage*
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