Wealth

Real Estate prediction

If you’re thinking of buying or selling real estate this year, here’s an idea of what to expect. The Canadian Real Estate Association says home sales across the country will fall 11.5 per cent from last year’s record level. The forecast also predicts a further 4 percent drop the following year, in 2009. This  prediction holds for all the provinces  except Saskatchewan and Newfoundland and Labrador. The biggest  tumble will take place in the place that had the biggest runup  Alberta. Sales are expected to slide by almost 19 per Despite this, prices are expected to keep on going up – just not as rapidly as before. Here in Ontario the average home price is expected to rise 4.3% to more than $312,000.

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