Real estate results remain steady in Canada

Despite concerns from several sources earlier in the year regarding the sustainability of the sales activity involving Canadian property for sale most experts believe the market will continue to prosper.

The economic outlook continues to be considered healthy and favourable mortgage rates has resulted in increased levels of buyer confidence.

Recent data supplied by the Canadian Real Estate Association (CREA) prove that residential sales of real estate in Canada during July were similar to those achieved during June. Home prices appear to have settled as the year has developed and new buyers have the opportunity to agree very favorable home loan rates from the country’s lenders.

The majorities of local markets saw gains during July and although Vancouver saw a small dip in real estate sales during the month gains were recorded through other major markets including Newfoundland, Montreal and Edmonton.