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‘DELAYED START’ IN CANADIAN REAL ESTATE MARKET AND UNDERSUPPLY LEAD TO PERCEIVED HOUSING BOOM


Blog by Barb Pasternak | October 13th, 2009


Source: Canadian Real Estate Association and Royal LePage Real Estate Services

...“The 2009 real estate market has seen sales activity lagging approximately one month behind the typical seasonal patterns,” said Phil Soper, president and chief executive, Royal LePage Real Estate Services. “The economic recession halted the flow of the real estate cycle from the fourth quarter of 2008 through the first quarter of 2009, but it is essentially now back on track albeit delayed. Once housing supply returns to normal levels, we believe the economy will support modest pricing growth into 2010.”..... read more

http://www.royallepage.ca/CMSTemplates/AboutUs/Company/CompanyTemplate.aspx?id=1976