Is Canada’s Housing Market An Accident Waiting To Happen?
Is Canada’s Housing Market An Accident Waiting To Happen?

With all the talk surrounding Canada’s housing market ballooning into a potential “bubble”, fear and concern is rising among Canadian homeowners, investors, and prospective buyers and sellers alike. The Canadian Centre for Policy Alternatives published a report saying smart mortgage rate setting is needed to prevent the bubbles hanging over the housing markets in Vancouver, Edmonton, Calgary, Toronto, Ottawa and Montreal from bursting.

With all of this fear and conflict in opinion out on the airwaves and in the cyberspace newsphere, I get down to the facts with Bill Good on The Bill Good Show on CKNW. Here is the recording from my interview and listener call-in with Mr. Good.

If you have questions that DIDN’T get asked or answered on Bill’s show, please don’t hesitate to post them as comments here on my blog, tweet me @DonRCampbell , tweet the REIN™ Team @reincanada or post them to the wall at our Facebook page and we’ll do our best to answer them for you!

Click Here to download the MP3 file to listen on any audio device.

Is Canada’s Housing Market An Accident Waiting To Happen? was last modified: September 29th, 2010 by maddy
 

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2 Responses to “Is Canada’s Housing Market An Accident Waiting To Happen?”

rmoore321 says:

September 20, 2010 at 10:48 pm

Vancouver real estate prices are a simply function of basic supply / demand economics. Supply is very tight (uniquely a Vancouver situation) and demand is steady and strong. So prices tend to inch forward. There is no real estate bubble in Vancouver. Sometimes prices in Vancouver lurch or jump forward and that’s unfortunate but when this happens, it’s usually followed by a minor correction. Interest rates and immigration are important market drivers but so are demographics. Ever notice how many 20 somethings are running around these days. Ever notice how many young mothers are pushing baby carriages? There is a baby boom going on and nothing drives a need for housing like a growing family!

 
 
 

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