Canada In The Same Ditch With New Zealand And Australia

Even though Australia, Canada, and New Zealand share the same head of state, the Bank of America Merrill Lynch has a totally different reason to have the three countries affiliated. The analysts said that their dependability on commodities and the amount of money in their central banks have low interests rates as economic growth stimulants.

Homeowners don’t have to worry, as the report showed that the role of the real estate sector is a reason why the government of each of the countries will, by no chance have their interest rates increase for the time being. Nevertheless, there will be changes in policy for mortgages or means to have the values of homes lowered down.

The best way to have the increasing prices in some markets is by taxing investors from outside the country, as the analysts believe that will be the best method. And noted that “resale house prices fell by 19 per cent in Vancouver in August, the first month of a new foreign real estate transaction tax.”