Mortgage News
Realtors say Canada’s housing market can still grow
Home sales and prices are expected to still grow over the next two years, albeit at a slower pace, says the national organization that represents realtors.
Published
According to a recent report from the Canadian Real Estate Association forecasts 463,700 in 2014, a 1.3% increase from 2013.
The slow start to 2014 is attributed in part to an unseasonably cold winter, and record low mortgage rates in the summer of 2013 that encouraged Canadian home buyers to push their purchases earlier.
CREA also reports that the market should be headed for a bounce back, as mortgage rates are set to decrease once again.
Follow the link for the full article from the Financial Post.