Real Estate Market To Be Maintained By Strong Demand

According to a survey that was done by economists, it exposed 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 inundated 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.”

Approximately most of those that were surveyed, however, think that a sharp modification will possibly take place in the Toronto market but not in the whole of Canada.