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Housing expectations lowered

Posted by Jeff Campbell on Monday, November 22nd, 2010 at 9:24am.

Sluggish activity on the residential resale market has caused Canada Mortgage and Housing Corp. to lower its expectations for Central Alberta Realtors this year and next.

In its housing market outlook, which was issued on Monday, CMHC projects that 2,900 local home sales will be processed through the Multiple Listing Service this year, down from the 3,770 sales recorded in 2009. Next year’s figures are anticipated to be only slightly better, with 2,950 MLS sales in this region.

Hidden Valley is a community of Calgary, Alberta.  We specialize in Hidden Valley Real Estate. If you have any questions about the Hidden Valley real estate market, or Calgary Real Estate market, Hidden Valley homes for sale, or would like a free market evaluation of your home. Call the Jeff Campbell Team now 403-816-4449 or visit www.HiddenValleyRealEstate.ca your Hidden Valley Real Estate experts!

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