Canadian real estate continues hot
Despite the current economic uncertainty, Canadians keep buying more houses and paying big bucks for them.
That’s according to a report from the Canadian Real Estate Association released Tuesday.
It shows home sales in Ontario were stronger than the association anticipated for this time of year.
They are now projecting sales for 2011 will be up 1.4% from 2010.
That’s half a percentage point better than their previous forecast.
Meanwhile, the forecast for national average home prices this year hasn’t changed much; it’s still around $363,000.
