Canadian Real Estate Buyers Keeping Markets Hot

According to this Toronto Star article, Canadian home buyers have been keeping the Canadian real estate market hot these past few weeks.

The housing market is expected to be much more stable compared to other markets and other locations in the coming months, according to what the Canadian Real Estate Association’s chief economist, Gregory Klump, told the Star.

“We anticipate that, going forward, the housing market in Canada is going to be an oasis of stability compared to what is expected to be further volatility in financial markets,” he said.

The article follows a young financial consultant who is looking to buy his first home, along with the worries and fears he’s considered entertaining while jumping into the Canadian real estate market.

Despite naysayers and critics, the real estate market in Canada is stable and low interest rates are encouraging more and more home buyers, even first time home buyers.

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One response to “Canadian Real Estate Buyers Keeping Markets Hot

  1. Edmonton real estate market has been stable for some time. With oil prices being where they are and growing global demand for natural resources, I am rather optimistic about Edmonton and Canadian economy.

    Derek H.

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