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Gregory Klump Says
01-01-2013, 10:59 PM
Post: #1
Gregory Klump Says
Quote:Annual sales in 2012 reflect a stronger profile prior to recent mortgage rule changes followed by weaker activity following their implementation, By contrast, forecast sales in 2013 reflect an improvement from levels this summer in the immediate wake of mortgage rule changes. Even so, sales in most provinces next year are expected to remain down from levels posted prior to the most recent changes to mortgage regulations.

-Gregory Klump CREA Chief Economist, Dec 26th 2012 in Property Community

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