Home Starts Rebounding Right into 2010

According to an article in the Financial Post today, housing starts are expected to continue to rebound in the fourth quarter of 2009 and into 2010 as inventories decline and demand increases.
Home contruction is forecase to reach just under 142,000 homes in 2009 and rise to almost 165,000 in 2010, according to the Canada Mortgage and Housing Corporation.
CMHC Chief Economist, Bob Dugan, is optimistic and expects the housing market across Canada to continue to strengthen as the economic conditions continue to improve.
Existing home sales are expected to reach over 441,000 in 2009 and up to over 445,000 in 2010. Average house price is also slated to increase from just under $313,000 in 2009 to $324,500 in 2010.
We are already seeing the rebound in Saskatoon Real Estate with the markets having picked up substantially since July, 2009. If you are looking to buy or sell your house in Saskatoon, contact me for all of your Saskatoon Real Estate needs.

This entry was posted on 2. November 2009 at 18:56 and is filed under Canada Real Estate, Canda Real Estate News, Saskatchewan, Saskatchewan Real Estate, Current Market, Saskatoon Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.