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Canada: As housing market slows, industry scrambles to paint positive picture

Posted on 04 October 2012

Organized real estate is unable, it seems, to admit the glory days may be behind it. Sales plummet in major markets and the industry comes up with a new explanation for the decline, draping its comments with a sense that everything is just fine. The excuses are piling up.
This month’s gem comes from the Toronto Real Estate Board: It complained September didn’t have enough working days — too many weekends. I always thought people bought homes on weekends, but it seems the transactions are registered during the week………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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