Alberta leads in resales
The province of Alberta will lead the country in resales during both 2012 and 2013, according to the Canadian Real Estate Association.
Data from the organization shows that Alberta will end this year with a 13.1 percent increase in resales compared to last year, with 60,800 sales. Alberta is projected to lead in 2013 with a growth of 1.3 percent, reaching 61,600 sales.
Calgary mortgages helped Alberta take the lead, with 1,831 home sales in the region during November. This marks a 10.6 percent increase from the same time last year. In the province as a whole, sales increased by 3.2 percent during November, reaching 4,034.
“National sales activity has remained fairly steady at lower levels since mortgage rules were changed earlier this year,...