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Real estate sales numbers take a trip to the 1980s
Date Published: Wednesday, March 04, 2009
Author: Derrick Penner, Vancouver Sun
Article Category: Real Estate Articles

Real estate sales numbers take a trip to the 1980s

A few more buyers are dipping into the market, but analyst predicts continued slide in prices

Derrick Penner, Vancouver Sun

Published: Wednesday, March 04, 2009

As of February, Lower Mainland housing prices were about halfway to the bottom of their expected down-cycle, a Canada Mortgage and Housing Corp. analyst said Tuesday.

Both the region's major real estate boards reported February sales figures Tuesday showing continued low sales levels similar to those experienced in the early 1980s, although transactions did surpass the dismal lows experienced in January of this year.

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http://www2.canada.com/vancouversun/news/business/story.html?id=2bea5341-cde3-4101-a105-f163a7397330

 



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