balanced conditions seen
TORONTO, Nov 15 (Reuters) Canadian home resales were firmer for a third straight month in October, suggesting a soft landing canada goose uk black friday for the once red canada goose clearance sale hot sector and stable market conditions for the next two years, industry reports said on Monday.
The Canadian Real Estate Association said 35,714 homes changed hands in October, up 4.6 percent from canadian goose jacket September, as sales rose in three quarters of the markets tracked by the association. However, sales were canada goose factory sale down 21.6 percent from a year earlier.
you ever wondered what a soft landing in housing looks like, canada goose clearance this may well be it. The string of three consecutive gains in monthly sales helps confirm a stabilization of market activity, said buy canada goose jacket Pascal Gauthier, canada goose senior economist at Toronto Canada Goose sale Dominion Bank.
last three months uk canada goose of Canada Goose Outlet data suggest that a trough in resale housing activity may have formed earlier than we expected. Heading into 2011, sales uk canada goose outlet and prices appear better supported than we last Canada Goose online forecast in September.
Gauthier said that, even if sales held steady at October levels for the rest of the year, it would still mark a near 10 percent improvement from the third canada goose coats quarter.
CREA said sales activity in October stood half way between the recessionary low canada goose store reached in December 2008, and the record Canada Goose Jackets level canada goose uk outlet activity posted in December 2009, offering further evidence that the market is returning to normal.
The number of new listings rose 1.3 percent in canada goose uk shop October from September.
sales activity and new listings have swung Canada Goose Online widely but canada goose black friday sale synchronously, which has kept the market in balanced territory since the spring, CREA said.
The industry group said the national Canada Goose Parka average price in October rose 0.7 percent from a year buy canada goose jacket cheap earlier to C$343,747 ($340,344).
Separately, Canada Mortgage and Housing https://www.salecanadagooseoutlets.com/ Corp (CMHC) said it expects housing starts to continue to moderate Canada Goose Coats On Sale in the last quarter of 2010, and decline in 2011.
Housing starts are expected to total 186,200 units this year, then slip to cheap Canada Goose around 174,800 units in 2011, the federal housing cheap canada goose uk agency said.
CMHC also noted that the market conditions for sales of existing homes will remain balanced over the next two years Canada Goose UK Black Friday as sales ease and inventory levels remain elevated.
It expects existing home sales of 440,300 units this year, dropping to about 438,400 in 2011. With an improved balance between demand and supply, the average price is expected to edge up in 2011.
The forecast compares to CREA forecast, which earlier this month said it sees sales of 442,200 units in 2010, and then falling 9 percent to 402,500 units next year.
CMHC also said rising employment levels and low mortgage rates canada goose coats on sale will continue to support demand for new homes in 2011, but new home construction will be at a slower pace.