Last week, I discussed how home sales in the United States are at their highest level since 2007, but things are also looking up in the Canadian real estate market.
Though the economy in Canada has not been hit as hard as its US counterpart, the Canadian Real Estate Association (CREA) will be… Read More →
According to the Canadian Real Estate Association’s (CREA) chief economist, Gregory Klump, “Increasingly cautious home buyers and mortgage lenders means that active listings will take longer to sell in 2009 compared to previous years.”
Klump adds, “The … Read More →
Part of the reason for the current foreclosure situation is that people were buying homes they just couldn’t afford. This was due in no small part to the fact that home prices were increasing at unprecedented rates, and salaries could in no way keep up with these inflated prices.
If … Read More →
