Housing Market Statistics

The news media have reported a few very positive facts this past week.

The Conference Board of Canada reported that Canada will climb out of recession this quarter. It further reported that the US housing and auto sectors had bottomed out and had started recovering.

Then, various reports noted the fact that Canadian existing housing sales rose 8.7 percent in June, the fifth consecutive monthly gain. In fact, economists at BMO went to far as to suggest that Canada was a sellers market.

The Central Alberta housing market has recovered too. Inventories of used homes are down, and prices have firmed. New home starts are increasing too, although there are still a lot less starts that there were a few years ago.