resale housing forecast

Home and apartment sales Canada

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CREA adjusts national resale housing forecast

As oil prices continue to decline and the Canadian dollar weakens, the Canadian Real Estate Association (CREA) has adjusted its 2015 resale housing forecast and extended it to 2016. The national forecast has been revised to reflect fewer sales. Currently, CREA is forecasting a total of 475,700 unit sales in 2015, an annual decline of 1.1 per cent.