Slow National Home Sale Numbers, Alberta Forecast To Have Strong Year
The national picture for the home resale market was a cool one for May:
The Canadian Real Estate Association reports sales slowed by 3.1-percent across the country last month -- the numbers pulled down by falling sales in 60-percent of the markets tracked, led by a slowdown in Toronto.
However, CREA is also revising its home-sales forecasts for this year, saying the market will continue to be active because of low interest rates -- and particularly healthy in Alberta and Saskatchewan.
While the national market is projected to grow by 3.8-percent, in Alberta that rate is expected to more than TRIPLE to 12.1-percent.
The average price of a home in Alberta is forecast to rise as well -- by 2.4-percent to just under 362-thousand dollars
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