Canadian home sales edge higher in December- REPORTED BY CREA

 

 

 

 

Sales activity rose 1.8 per cent from November to December.

Annual activity totalled 456,749 sales in 2011, up 2.2 per cent from 2010.

The number of newly listed homes increased 3 per cent from November to December.

A simultaneous increase in sales and new listings kept the national resale housing in balanced territory.

The national average home price was up just 0.9 per cent on a year-over-year basis in December, marking the smallest increase since October 2010.

Housing market bubble denied by BMO

The Bank of Montreal poured cold water on the idea Canada's housing market could be headed for a crash, suggesting that prices are only "moderately high across the country."
Read this article on Housing Bubble Denied By Bank Of Montreal
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