new home prices softer than expected in December

With a smaller than expected price increase, CREA (Canadian Real Estate Association) revised up its outlook for housing resales in 2011 but is calling for sales to fall 1.6% this year and for prices to edge up by 1.3% in 2011 and 2012.

We are seeing a flurry of activity in our market here in the Langley areas. Buyers (a fair amount of first-timers) are sure active .....

We closed a number of deals in January one was in the Fleetwood area where it was noticeable the number of buyers from China actively searching for homes.

Another nice home was in the Clayton - Cloverdale area. A townhouse which generated interested from young families and first time buyers.

Financial Post