In Canada housing boom will continue this spring as exceptionally low mortgage rates and the expectations that rates will go higher which adding a" sense of urgency" to the market.
A Scotiabank global real estate trends report released Tuesday predicts most Canadian regions will remain sellers' market for the first half of the year as strong demand and prices continue. It seems that people are taking advantage of this rates that hit bottom.
Scotiabanks expects about 510.000 thousand sales of house this year, ten percent higher from 2009, however average price are forecast to increase about eight per cent to a record $345.000.
Canada's economic recovery from 2009 recession has improved consumers confidence. Most experts predicts that as long as the economy is improving and the low interest remains, strong housing markets will continue.
Canada's recovery continues to outpace developed countries around the world with housing prices in the fourth quarter up 19 per cent year over year.
Please go to Article:A Scotiabank global real estate trends report released Tuesday predicts most Canadian regions will remain sellers' market for the first half of the year as strong demand and prices continue. It seems that people are taking advantage of this rates that hit bottom.
Scotiabanks expects about 510.000 thousand sales of house this year, ten percent higher from 2009, however average price are forecast to increase about eight per cent to a record $345.000.
Canada's economic recovery from 2009 recession has improved consumers confidence. Most experts predicts that as long as the economy is improving and the low interest remains, strong housing markets will continue.
Canada's recovery continues to outpace developed countries around the world with housing prices in the fourth quarter up 19 per cent year over year.
http://www.muchmormagazine.com/2010/03/canadas-housing-boom-to-continue-through-spring-2010/
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