A recent report from Canada Mortgage and Housing Corp shows Canadian housing starts falling more than expected in January and sales of existing Condos and homes will experience a sharper downtrend.
Houses dropped 11 per cent
Residential construction under pressure in 2009
Crea forecasting sales of existing homes to drop 16.9 per cent in 2009
National home sales through Real Estate Agents lowest level since 2000
Reduced sales and increased resale homes listed affecting new home sales
Crea see average homes declining 8 per cent in 2009
