- Joined
- Mar 24, 2009
- Messages
- 16,743
CREA cuts home sales forecast for this year and next
OTTAWA ` The Canadian Real Estate Association cut its 2012 and 2013 outlook for home sales and lowered its national average price forecast on Monday as it reported the biggest month-to-month drop in activity in two years..
The association said that tighter regulations on mortgage lending that came into effect in July helped push August homes sales to their largest month-over-month decline since June 2010.
Sales of previously owned Canadian houses and condos have now gone down in five of the past six months.
Read the full article here.
OTTAWA ` The Canadian Real Estate Association cut its 2012 and 2013 outlook for home sales and lowered its national average price forecast on Monday as it reported the biggest month-to-month drop in activity in two years..
The association said that tighter regulations on mortgage lending that came into effect in July helped push August homes sales to their largest month-over-month decline since June 2010.
Sales of previously owned Canadian houses and condos have now gone down in five of the past six months.
Read the full article here.