Demand Supports Rising Canadian House Prices
Royal LePage posted some interesting facts about the Canadian Real Estate market, below is a brief excerpt of the article. You can download the original PDF at the bottom of this post.
“Much like the Canadian dollar, the Canadian housing market is charting its own course, quite independent from the United States and its currency and housing climate. The strength of the Canadian dollar, and the fact that the country is adjusting well to its value, will continue to keep interest rates at their existing low-to-moderate levels, boding well for buyers looking to enter the market,” said Phil Soper, president and chief executive, Royal LePage Real Estate Services. “From coast-to-coast, the country’s rich commodity markets have had tremendous impact on local economies, and there is no indication that this will change anytime soon.”
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Demand Supports Rising Housing Prices.