Robert McLister·General·August 23, 2007Home Demand to the Moon The Canadian Real Estate Association (CREA) was a “little” shy on this year’s home sales estimates. In May they forecast that 2007 home sales would rise 3.6% from 2006. Now, they expect 523,100 homes will sell this year–an 8.1% increase! As for prices, CREA predicts a jump of 10.4% nationwide in 2007, and 5.5% in 2008. Price may very well set records in every province this year. With these kind of numbers homeowners will undoubtedly need more of one thing: buying power. Expect demand for long amortizations to continue exploding. More from the Vancouver Sun… Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.