Canada's Resale Housing Market Will Remain At Or Near Record Levels This Year

The association sees three factors that it believes will save Canada's housing markets from the woes engulfing the sector in the United States: consumer confidence, employment and affordable interest rates. CREA economist Gregory Klump said the market will pull back from the “breakneck pace” of 2007, but this is still forecast to be the second-busiest year on record in almost all provinces. http://www.reportonbusiness.com/servlet/story/RTGAM.20080123.wcrea0123/BNStory/robNews/

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