With home sales activity running so strongly, setting records for July, September and October, the Canadian Real Estate Association has revised its MLS home sales forecast for 2009 and 2010.
The new sales forecast for 2009 now puts activity about equal to 2004, but still below levels for the years 2005 to 2007.
National MLS home sales activity is forecast to go up by 7% in 2010. This would make 2010 the second highest year on record for sales (the peak so far was reached in 2007).
The national MLS average home price is forecast to climb 4.2% total in 2009 (1.5% had been the previous forecast). Average prices are forecast to climb a further 4.7% in 2010.
Tags: national home sales