The Canadian Real Estate Association released a report showing Home Sales were 31 per cent lower than year over year figures in February.

Consumer confidence and negative economic news is still keeping potential home owners on the sidelines however the Spring Real Estate Market should bring some confidence back into the Real Estate Markets.

The national average home price was $281,792 in February, down from $310,379 a year earlier.

Most experts maintain it is still a buyers market in most parts of Canada with buyers ready to take advantage of great deals.