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Mortgage Broker News | 15 Jan 2015, 11:10 AM Agree 0
Brokers in one major market are best served to prepare for sluggish housing price gains, according to one industry leader’s recent forecast.
  • Angela Wong-Liao - Invis | 15 Jan 2015, 03:13 PM Agree 0
    It appears 2015 will be a challenging year, started with all time low oil prices, which directly affected Canadian economy's bottom line. Then, massive layoffs from big corporations, ie: Targets, Sonys and others, which translated into potential big increase in unemployment. Bank of Canada has indicated that interest rates will more likely to increase in 2015. With all the three factors together, I believe it will affect the market value of real estate in Canada, especially Alberta. I always caution clients to live within their means, have some emergency funds & keep debt load low. 2015 may be a year of challenges and adjustments.
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