Monday, March 23, 2009

Positive Signs as Canadian Resale Home Numbers Increase in February for Kelowna and British Columbia

As reported by Economic Development Commission - March 23, 2009
The Canadian Real Estate Association (CREA) reports that the number of resale homes sold in February through agents who use the multiple listing systems (MLS) rose 8.6 percent above seasonally adjusted levels for January.

The seasonally adjusted residential MLS sales figure rose to 28,669 homes, marking the first monthly increase in activity since September of last year.

Monthly seasonal increases were the largest in British Columbia, with a rise of 14.4 per cent, followed by Nova Scotia at 12.7 percent and Alberta at 11.9 percent. Ontario and Quebec saw increases on par with the national average.

"Typically, the spring market we're moving into generates more activity," said CREA president Calvin Lindberg. "And this year there are the benefits from historically low mortgage rates and improved affordability in most markets."

Click here for more MLS statistics from CREA.

Jerry DombowskyPremier Hotels and Motels - The Connections to close the deal
#6-3185 Via Centrale, Kelowna,
British Columbia V1V 2A7
Fax: 250.767.3276
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