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Written by Becky   
Tuesday, 20 November 2007

With all of the market upheaval being experienced in the U.S., you have to wonder if other areas are worried too. Not so in Canada, according to senior VP of TD Waterhouse, Patricia Lovett-Reid. Canadians feel that their marker is more fiscally conservative then that of the US, and that buying a home is still a good investment in Canada. 

The Canadian Real Estate Association recently projected their August forecast. They expect that their average residential price will rise 10.4 % and that home sale prices will rise 8.1%, making new records in some of their provinces.  

This is the opposite of what is expected to happen in the U.S. with an estimated 8.6% decrease in home sales and a 1.7% decrease in home prices.

 
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