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Homebuyers have more choice heading into the busy spring buying season, with new supply in Canada’s resale housing market setting a record for the month of March. While resale housing demand remains strong, rising numbers of new listings are resulting in a more balanced national resale housing market.

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Resale market sees nearly 100,000 homes listed for sale in March

Unusual Hot Market for January DURHAM REGION – January 19, 2010 – Durham Region Association of REALTORS® (DRAR) reported a 66% increase in sales of 191 in the first half of the month from 115 during the same time last January.

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Hot Market for January

Existing home sales activity reached the highest level ever for the month of December, according to statistics released by The Canadian Real Estate Association. Strong demand in the second half of 2009, especially in the fourth quarter, pushed annual sales above 2008 levels

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2009 resale housing market ends on a high note

National consumer confidence ended the year 2009 on a stronger footing compared to pre-recession levels, despite having edged down slightly the fourth quarter compared to the third quarter. According to the Conference Board of Canada’s index of consumer confidence, confidence eased slightly in the fourth quarter for the first time in three quarterly periods. The decrease in confidence reflects weakening sentiment about making major purchases

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Consumer confidence ends on a stronger footing

Canada National consumer confidence continued to improve for the third consecutive quarter in the third quarter of 2009, according to the Conference Board of Canada’s index of consumer confidence. Consumer sentiment is up from the end of 2008, and now stands above pre-recession levels

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Consumer Confidence continues to improve