Rising interest rates and B-20’s are the likely culprits
There is new concern over the level of household debt in Canada.
Capital Economics’ David Madani is predicting a sharp drop in property prices in Calgary.
Owners of some of the most expensive properties in Calgary are keen to sell rather than risk a downward spiral of their homes’ values.
Buildings made from prefabricated wooden components could be the future for large constructions.
The voices predicting a further Bank of Canada rate cut have become a chorus, with another bank stating it believes the central bank still has additional basis points to slash.
Canadians are increasingly taking on more debt to afford larger and more expensive homes, but in which province are homeowners particularly indebted?
The ups and downs of Canada’s housing market are set to continue according to the IMF, which has recently altered its overvaluation estimate for Canadian real estate.
Some experts are predicting that the slowdown in Alberta could give an extra boost to the property market in British Columbia and so far this year BC is booming.
The year has got off to strong start in the Greater Toronto Area according to data from GTA Realtors.
The Realtors Association of Edmonton says that sales were down by 26 per cent last month compared to a year earlier and marking a 5-year low.