Via YouTube - By Jurockvideo
With the US Real Estate Market slowing down and adjusting to more normal levels, it’s interesting to see how the market in Canada compares. Jonathan Miller has a eye opening post titled, 30-Year 6.59% degrees of Kevin Bacon, which highlights the fact that by utilizing creative financing, many Americans have outstretched themselves by buying homes that they really could not afford. With the interest rates on the rise, homeowners are now seeing their monthly mortgage payments grow way beyond the financial means. Will this alarming trend find its way to our Canadian neighbors?
On the flip side of the coin, Inman News Article (May need Subscription), Canadian Real Estate Headed for the Record Books, predicts resales in Canada will continue to hit record highs.
“Further increases in home prices and interest rates may cause resale housing activity to ease next year, but housing demand will remain very strong and support further price increases,” said CREA’s Chief Economist Gregory Klump.
If you are looking to buy some affordable Real Estate in Canada, you may want to listen to this informative interview with Canadian Real Estate Analyst, Ozzie Jurock: Properties under $200,000 in British Columbia, Canada
Via YouTube - By Jurockvideo
