26 September 2013

Scotiabank– the risk of housing price collapse is quite low

Today the Canadian real estate market activity is still quite high, mostly due to extremely low borrowing costs and healthy employment conditions.

After a decline in the second half of 2012, existing home salesrecovered during the spring and summer. And although now the national sales are slightly below last year’s levels, they still remain in line with the average levels of the previous decade.

Even despite the recent fixed mortgage rates increase, homebuyers are benefiting from attractive borrowing costs…

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