Home Sales Down according to CREA

The Canadian Real Estate Association just reported that home sales across Canada dropped 3.9% in 2010, less than the forecast, on stronger than expected activity in the forth quarter. Some 447,010 homes traded hands over the mls system in 2010. The annual average price for a home in Canada rose 5.8% to $339,030. CREA predicts the market to be stable in 2011, with prices starting to plateau in some of Canada's most active market areas.