CMHC Housing Market Outlook

CMHC Housing Market Outlook

Resales in 2009:                370,500
Resales Estimate for 2010: 405,000

Sales of existing homes through MLS®1 are forecast to decline 14.6% nationally this year compared to last year’s level, but increase 9.3% in 2010.  After several years of strong gains, the average MLS® price is expected to decline by 5.2% in 2009 as sales of existing homes moderate and new listings continue to increase. The average MLS® price is to see minimal change in 2010.

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Terry Black

Terry Black

Sales Representative
CENTURY 21 Trident Realty Ltd.
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