Tuesday, August 26, 2008

Canadian Property Market Balanced

As a whole the recent cooling has balanced out the market of course as an investor your investment area should not focus on the national market but on one specific area.

"The property market in Canada is well balanced and prices should rise in line with general inflation, according to economists.

The market has moved from a strong sellers market but it is unlikely to suffer a serious downturn, economists from Scotia Economics say in a new report.

But there are significant regional differences. Former hot locations like Calgary, Saskatoon and Vancouver are now favouring buyers." Read Article

No comments: