A clip of the Canadian Real Estate Association's forecast of the Canadian Real Estate Market. According to CREA's forecast, Ontario and British Columbia are the only two provinces expected to experience a decline in market activity. This is likely due to both the HST implementaion and increases in interest rates. Gregory Klump, CREA's chief economist goes on to mention Canada's market wil not experience a collapse like the US housing market did. CREA provides us with very interesting graphical displays of relevant statistics backing the findings. If you would like to discuss any of these findings, call us anytime.