Even though Canada has slowly come out of the recession in the past year and the market seems to improve everyday, there are still things that builders should look out for in the future. With the introduction of new sales taxes on our heels, some potential homebuyers are making the move now to try to beat the clock. This may in turn lead to decreased sales in the next two years and explain why the market has been so busy in the past few months. Therefore, builders should be aware and cautious going into the next year but also stay positive for the future.
Please click for the Housing Commentary May 2010 prepared by Altus Group for CHBA