According to the Canadian Real Esate Association the housing market has continued to rebound in May with a fourth consecutive increase in monthly sales.  CREA believes the market is now returning to what is called "pre-recession levels" of activity.  Strengthening consumer confidence, low interest rates and improved affordability are drawing buyers to the housing market.  Fewer new listings ...

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http://www.scotiacapital.com/English/bns_econ/forecast.pdf

Canada's housing market is showing signs of emerging from its winter hibernation.  The Canadian Real Estate Association reported a healthy pickup in sales nationally in both February and March, beyond the typical seasonal bump.  Preliminary reports suggest this firming trend continued in April.  The rise in demand, combined with fewer new listings has restored a better balance to the market. ...