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Paul
Sent from my BlackBerry device on the Rogers Wireless Network
Paul
Sent from my BlackBerry device on the Rogers Wireless Network
Serving people in finding Condominiums (condos) in Toronto, Brampton, Mississauga, & Oakville. Please subscribe to my blog if you want to be updated on a regular basis. Many new Condos to be announced in coming months. So, stay tuned. Paul Cheema
Thursday, 29 April 2010
Wednesday, 2 December 2009
Canada home prices may rise 10 percent in 2010: report « Real Estate Services
Canada home prices may rise 10 percent in 2010: report « Real Estate Services: "(Reuters)TORONTO (Reuters) – Canadian home-resale prices are likely rise in 2010 at an even faster pace than this year but a dangerous bubble probably won’t develop, TD Economics said in study published on Tuesday.
The average price of an existing home in Canada is expected to surge 9-10 percent next year to about C$346,000 as sales climb to 475,000. In 2009, the average price rose an estimated 4-5 percent on an annual basis.
But the sales momentum, which TD expects will last six to 10 more months, should not translate into a “bubble” as the cost of ownership, when lower interest rates are taken into consideration, has fallen in recent months.
The residential housing market froze late last year in the wake of the global financial crisis, but its swift recovery has prompted some concern about the chances of a sudden collapse. Sales of existing homes rose to a record monthly high in October.
TD described the Canadian market’s downturn and subsequent recovery “as V-shaped as can be.” It partly attributed the rebound to pent-up demand after last year’s slump.
Over the next few years, sales growth should moderate as more supply comes into the market and interest rates rise, TD said in its resale housing outlook report.
In 2011, eroding affordability is likely to weaken sales by more than 10 percent to 421,200 units while prices rise 1.6 percent to C$351,600. In the following two years, prices and sales are expected to rise modestly."
The average price of an existing home in Canada is expected to surge 9-10 percent next year to about C$346,000 as sales climb to 475,000. In 2009, the average price rose an estimated 4-5 percent on an annual basis.
But the sales momentum, which TD expects will last six to 10 more months, should not translate into a “bubble” as the cost of ownership, when lower interest rates are taken into consideration, has fallen in recent months.
The residential housing market froze late last year in the wake of the global financial crisis, but its swift recovery has prompted some concern about the chances of a sudden collapse. Sales of existing homes rose to a record monthly high in October.
TD described the Canadian market’s downturn and subsequent recovery “as V-shaped as can be.” It partly attributed the rebound to pent-up demand after last year’s slump.
Over the next few years, sales growth should moderate as more supply comes into the market and interest rates rise, TD said in its resale housing outlook report.
In 2011, eroding affordability is likely to weaken sales by more than 10 percent to 421,200 units while prices rise 1.6 percent to C$351,600. In the following two years, prices and sales are expected to rise modestly."
Saturday, 21 November 2009
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When everyone needs to have fun then why shouldn't these disabled kids!! Help me to send at least one kid to a camp to live life to the full by contributing a small amount of money by going to this link. Your contributions get you tax receipts if it is over $ 20, I believe straight from the Century 21/Easter seals. Please don't hold yourself from contributing to the society now...
Thanks for reading this..
Paul Cheema
Thanks for reading this..
Paul Cheema
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