Courtesy of Ursula Morel of Sea to Sky Premier Properties
OTTAWA – February 15th, 2011 – National resale housing activity climbed further in January 2011, according to statistics released today by The Canadian Real Estate Association (CREA).
Seasonally adjusted national home sales activity rose 4.5 percent in January 2011 compared to the previous month, reaching the highest level since April 2010. Led by Vancouver and Toronto, seasonally adjusted sales activity posted monthly gains in more than half of all local Canadian markets in January. National sales activity has improved steadily since last summer, and now stands almost 25 percent above the low point reached in July 2010.