Mortgage News
2013 housing sales off to better start than expected
The number of Canadian homes sold so far this year is slightly higher than projected and it looks as if 2014 will show a rebound, according to a new forecast by the Canadian real estate industry’s main association.
Published
According to recent statistics from the Canadian Real Estate Association (CREA), home sales in 2013 came in at higher numbers than expected. It is still forecasted that 2013 will see fewer home sales than 2012, but the decrease is anticipated to be less than was originally expected.
CREA has estimated that 2013 will see 443,400 units sold, compared to 454,573 in 2012, a decline of 2.5%, compared to their originally forecasted 2.9% decline. They also predict 464,300 to sell in 2014.