9 February 2011

But, in the same time, Gregory Klump, CREA’s chief economist, says the real estate activity will cool down in the second quarter of 2011.
“The deal is that a recent announcement of the new mortgage rules implementation can provoke some Canadians to buy houses in the first quarter even if they were planning to do it later. As a result, we may see even a similar volatility of the real estate market than in the previous year”, – he said.

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