The Huffington Post came up with a list of five things to know about Canadian real estate this year. One major thing is that the market changes quite a bit across the country. Trends in one city could be very different from another. There is also a new stress test for borrowers with uninsured mortgages that could change things. Interest rates are rising, but growth is becoming more sustainable. "Even in formerly scorching markets such as Toronto and Vancouver, sales are softening and price growth is slowing. For prospective home buyers sitting on the sidelines waiting for your opportunity, this may be it."
This year will bring some new challenges and opportunities for housing. Here are five things you need to know about Canadian real estate in 2018. More local than ever First, there's no such thing as a Canadian real estate market. You buy one home on one street in one neighbourhood in one city. This is true now more than ever. What happens in Canada's largest and hottest housing markets, Toronto and Vancouver, respectively, is quite different from that in, say, recovering areas such as Calgary and Edmonton.
The Huffington Post came up with a list of five things to know about Canadian real estate this year. One major thing is that the market changes quite a bit across the country. Trends in one city could be very different from another. There is also a new stress test for borrowers with uninsured mortgages that could change things. Interest rates are rising, but growth is becoming more sustainable. "Even in formerly scorching markets such as Toronto and Vancouver, sales are softening and price growth is slowing. For prospective home buyers sitting on the sidelines waiting for your opportunity, this may be it."