Real Estate Market To Be Maintained By Strong Demand
According to a survey that was done by economists, it revealed that procedures were planned to have the housing market eased down and the risks concerning the mortgage lender Home Capital will not have a negative impact on the real estate market in Canada.
The market will be kept afloat with interest rates being low and demand strong, however there could be an exception according to the analysts surveyed by Reuters.
Senior economist at BMO Capital Markets, Sal Guatieri said; “Low interest rates are going to be oxygen that keeps the fire going in the Toronto and BC housing markets and that fire has spread to southern Ontario as well.”
About most of those that were surveyed however think that a sharp alteration will possibly take place in the Toronto market but not in the whole of Canada.
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Caleb
Not your everyday human being. A mega foodie, writer, lover of great things. Always on a journey of self discovery and open for new adventures; artistic with a dash of creative insanity.
