“In the last six to nine months, demand for housing was decrease in Winnipeg and in Manitoba, but it has picked up a good deal. Sales of existing homes in November, 2009 set a dollar sales record of $173 million compared to $113 million in November, 2008. People have recognized that the worst of the downturn is over. Potential home buyers are now more willing to enter the marketplace, confident of what the future holds.” said Jeff Powell, senior market analyst for Canada Mortgage and Housing Corporation in Winnipeg.

This can be seen as a good sign of recovery, well, at least for the housing market. The prices of built houses are in recovery and more homes and condos are being constructed based from what Canada Mortgage and Housing Corporation issued. The CMHC data foresees a 10% improvement in building and sales activity in 2010. However, the price growth of houses is yet unclear due to rising interest rates on Main Street which will have an impact with the Main Street recovery.

The said recovery is supported by growing employment rates and increased consumer confidence. As a matter of fact, The Bank of Canada will be raising short interest rates and lenders, who have more positive response to what the bond market says money cost, are already pricing higher rates into mortgages. The economic recovery and the status of the housing market right now rest on increasing consumer confidence. This could take an effort to maintain considering changing interest rates moving from a low 1.5% to 3% and 4$ or more.

Housing market trends in Canada had gone up and down for one reason, market liquidity. When market declines, houses for sale rise, house owners want to sell but couldn’t find the right deal. This goes the same way with buyers which yield to no closed business. On the other hand, during good market condition, house buyers become more eager to make deals before prices appreciate more. Liquidity rate and sales volume mark significant growth.

• Housing Still Sucks! According to Chris Gaffney of Everbank.com, who's Japanese REIT CD I recommend, said todayThe markets seem to be waking up to the fact that the housing market is no where near the bottom. Borrowers are...
• How to Sell the Rare Coins in your Coin Collection There comes a time in the life of every coin collector where they need to sell their rare coins that they have in their coin collection. Some are simply uninterested in their collection and are...
• Is this a Good Time for Baby Boomers to Downsize? Many baby boomers have downsizing on their mind.  Mrs. GoTo and I do.  Some of that downsize thinking may have been interrupted by all of the bad news about the stock market and the economy.  But has...
• Housing Update From WSJ Todays WSJ had a decent article on housing, 'Housing Glut Gives Buyers Upper Hand'. Seems like certain parts of the country are in for a bumpy ride. Here are some excerpts.*A quarterly survey of housing...
• Why I'm Rooting Against The Stock Market First, let me clarify. I'm not rooting for it to drop like it did last year, I'm just hoping it doesn't increase like it did in the first half of this year. At least not...