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Mortgage Broker News | 05 Oct 2011, 07:00 AM Agree 0
Rising home prices in the third quarter likely disguised a slowing market for real estate agents and mortgage brokers, alike, suggests a new survey from Royal LePage.
  • Angela Wong-Liao, Invis Inc | 06 Oct 2011, 10:33 AM Agree 0
    I am not surprise that the Canadian real estate market is slowing down because if you look at other countries, even China and Hong Kong, their real market have slowed down recently. It has to do with the unpredictable and volatile economy and the constant negative news from Europe and the Americans. In my opinion, I do not think that Canada will have similar housing melt down as the Americans, but a 10% to 15% adjustment to the housing prices and gearing towards a balance market in early 2012. Yes, I believe that our government will further tighten our mortgage rules in 2012 and our real estate market will continue to slow down, probably from a balance market into a buyer market in 2012-2013.
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