In a recent article in the Financial Post, The Bank of Montreal Capital Markets, Royal Bank of Canada Economics, Re/Max, and Royal Lepage all seem to agree that the real estate market has made a turn for the positive, perhaps ending the recent housing-market downturn.
Some sources cite greater affordability due to falling housing prices and reduced interest rates as being the catalist for buyers returning to the market. What is certain is that activity has increased substancially from the same period last year. In fact, it is up 75.6% more than from June of 2008!
To read the full story from Canwest News Service click here.
Cortney Lessard
REALTOR®
604-616-2678
Cortney@Cortney.ca