Current Relevant Market Updates
Keeping our Customers Informed

Jul 14, 2009
Good News for Comox Valley / Courtenay Real Estate - Homes Sales Rebound!

Douglas Porter writes research for BMO-Nesbitt Burns ? here?s a part of his email this morning.Canadian housing?turn, turn, turn: Meantime, the domestic side of Canada?s economy is suddenly looking A-ok. First, home sales topped even our upbeat estimate with a 17.9% y/y rise in June. This took prices up 3.6% y/y, both figures which would have been simply unbelievable six months ago. While the U.S. housing market has gone through four years of hellish conditions, Canada went through them in...

Source: Marty Douglas, Manager Coast Realty Group (CV) Ltd.