CREA Revises Forecast
OTTAWA – May 9 – The Canadian Real Estate Association (CREA) has revised its forecast for home sales activity via the Multiple Listing Service (MLS) Systems of Canadian real estate Boards and Associations for 2011 and 2012.
National sales activity is now expected to reach 441,100 units in 2011, a decline of 1.3 per cent from 2010. This is a slight improvement from the 1.6 per cent decline forecast by CREA in February, due to stronger than expected activity in British Columbia in the first quarter of 2011. To read the full release, click on PDF CREA.