The Canadian Real Estate Association is raising its forecast for the number of homes that will change hands this year, after August’s home sales came in 11.1-per-cent higher than a year earlier.
“National sales have improved more quickly than anticipated,” said the association, which represents the country’s realtors. “This likely reflects the transient influence of buyers with pre-approved financing making purchases before their lower pre-approved rates expire, particularly in some of Canada’s most active and expensive housing markets.”
Susan
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