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Thursday
30Apr2009

"Moving Towards Balanced Conditions" : CMHC Housing Now, April 2009

DateThursday, April 30, 2009 at 2:58AM
picture-32Download the full report in PDF.

CMHC's Housing Market report covers new home starts, units under construction, RESALE MARKET, and general economic news.

The Resale portion of the report starts on page 3, here's a excerpt regarding the first quarter of 2009:
Resale market conditions continued to favour the buyer during the first quarter but there are signs that the market is headed towards balanced conditions. Supply to the marketplace has been coming down this year as January, February and March 2009 showed new listings year-over-year decreasing by 31, 29 and 39 per cent, respectively. Two market balance indicators, months-of-supply and sales-to-new listings ratios have both improved during the month of March. (Source: PDF




Their numbers aren't as current as some of the other Calgary residential real estate absorption rates I've published recently but they do suggest, as I have also posted recently, that we're headed towards more balanced conditions.
AuthorMichael Bladon | CommentPost a Comment |
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