HOUSING DEMAND PERKS UP

After a seasonally uncharacteristic spring and summer slump, Canadian home sales appear to be stabilizing at a new lower, but more sustainable, level. National MLS sales volumes increased 3% m/m in September, building on a similar gain in August. Sales activity is still down almost 20% y/y, but the decline is accentuated by last August’s record monthly sales pace. Two-thirds of local markets reported higher sales last month.

Source: Adrienne Warren, Scotia Economic Research, Global Trends, October 15, 2010

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Terry Black

Terry Black

Sales Representative
CENTURY 21 Trident Realty Ltd.
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