The International Monetary Fund says that Canada’s housing market is up to 20 per cent overvalued. However there are wide regional differences meaning that some areas are just 7 per cent overvalued. The upper figure is broadly in line with that released last week by credit ratings agency Fitch but below the 30 per cent that the Bank of Canada estimated in December. Overvaluation of property is always something of a thorny issue among experts but the IMF is pointing to the slower economic growth in Canada and opining that it will likely have an effect on the housing market despite the lower interest and mortgage rates.
Jamie Henry
About Me
- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
No comments:
Post a Comment