National resale housing market activity returned to pre-recession levels in May 2009. The rebound in activity is being led by an increase in transactions in some of the most expensive markets in the country, which is skewing the national average price upward.
According to statistics released by The Canadian Real Estate Association (CREA), actual (not seasonally [...]

CANADIAN REAL ESTATE MARKET RELATIVELY RESILIENT DURING FIRST QUARTER
Only modest house price declines despite predictions of double digit depreciation
Consistent with current economic trends, Canadian residential real estate prices declined during the first quarter, according to a quarterly House Price Survey released today by Royal LePage Real Estate Services Ltd. As the market correction unfolds, [...]

This is my monthly look at the real estate market. Below is the official report from the Real Estate Board of Greater Vancouver.
BUYER ACTIVITY BRINGS GREATER STABILITY TO THE HOUSING MARKET
Added to blog by Moishe Alexander, CFC CEO
VANCOUVER, B.C. . May 4, 2009 .
With more buyers and fewer homes for sale in recent months, the [...]