Real Estate In Red Deer & Area
Real Estate in Red Deer, Jon & Denise Nichols Real Estate in Red Deer, Jon & Denise Nichols

Canadian home sales will fall to 9-year low next year, CREA forecasts

Cda Home Sales 20180615

National home sales are projected to fall to a near decade low in 2019, as rising interest rates and strict mortgage stress-test rules continue to put a damper on homebuyer sentiment, according to the Canadian Real Estate Association.

The group, which represents more than 125,000 realtors, is projecting that home sales across the country will decline to the lowest point in nine years but stay little changed from 2018, falling only by 0.5 per cent to 456,200 units.

CREA is projecting that the national average price for a home sold through its multiple-listing service system will rise 1.7 per cent to $496,800 in 2019.

Click here to read more about this Real Estate Market projection for 2019.

in Real Estate News

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Jon Nichols

Jon Nichols
Century 21 Advantage
Phone: 403.302.0800
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Denise Nichols

Denise Nichols
Century 21 Advantage
Phone: 403.302.9498
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Jez Nichols

Jez Nichols
Century 21 Advantage
Phone: 403.392.7002
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