According to a spokesman, The Bank of Canada will not raise its interest rates to cool the country’s hot housing market.
Those who fear a bubble worry that many people are taking advantage of cheap money to buy homes they wouldn’t be able to afford once rates rise, leading ultimately to a crash in prices.
Lane said [...]
According to statistics provided by the Canadian Real Estate Association, the total home sales recorded in December 2009 on the MLS® System totalled 207 units, 56 per cent above levels in the same month in 2008. This is the seventh consecutive year-over-year increase.
The fourth quarter of 2009 was the strongest on record. As a result, annual sales [...]
Barrie’s unemployment rate has dropped for the first time since April 2008 in the fourth quarter of 2009. Since the economy here has turned around at the end of the second quarter of 2009, fifteen hundred (1,500) full time jobs have been added. All of this is positive news for Barrie and the housing market [...]
