Video: Recent Home Sales Not Sustainable

Ottawa, and Canada in general, have been enjoying some really fantastic months of increased home sales and also a rise in home prices. It seems like the Canadian economy is not only enjoying a recovery from the small slump last year, but also a period of growth.

However, industry experts are not so keen to get excited just yet. Gregory Klump, the chief economist of the Canadian Real Estate Association (CREA) says that the recent home sales are not sustainable; meaning that there could be some trouble ahead.

Take a look at the following video and watch what Mr. Klump has to say about the economy and the current and future housing market:

For information of Ottawa-area homes, contact Chris Coveny for all your real estate needs at OttawaMove.com.

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