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Mortgage Broker News | 17 Apr 2014, 09:28 AM Agree 0
ScotiaBank delivered some less-than-optimistic news to mortgage brokers and those who depend on the housing industry for their livelihood.
  • Angela Wong-Liao - Invis Inc | 17 Apr 2014, 10:48 AM Agree 0
    In my opinion, the Scotiabank forecast for softening real estate market is just a matter of time. The real estate market have on-going growth since June 1996, a minor blip in Jan-June 2009 and resume the growth in later 2009. Interest rates have been very low since 2010 and when economy is slowly recovering, interest rates will increase in near future, early to mid 2015 has been long expected. As a rule of thumb, when interest rates increase, real estate activities and pricing will drop.
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