June 5th - 2013

Market Watch: Low interest, flattening prices support market

Canada’s housing market is being supported by an unprecedented combination of low interest rates, flattening house prices and a strengthening economy, according to a recent survey.

Canada’s housing market is being supported by an unprecedented combination of low interest rates, flattening house prices and a strengthening economy, according to a recent survey. The Royal LePage House Price Survey released recently shows that the average price of a home in Canada grew between 1.2 and 2.4% in the first quarter of 2013. It noted that in some regions prices were flat or decreasing, and that factor along with inexpensive mortgages and the confidence of an improving economy has resulted in a “unique residential real estate market.” For details, read the full report.

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Jean-Adrien Delicano

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