Strength of Canada’s real estate markets
The level of sales for Property in Canada continues to rise as the country enjoys a surging economy and increasingly appealing interest rates that are looking to remain at their present level for the time being.
According to the Canadian Real Estate Association (CREA) sales figures for last month have risen by more than ten per cent when compared to the same period in 2010. Confidence in the economy is revealed by the number of new buyers looking to invest in Canadian property for sale.
Experts believe the strength of the property market will continue and the balance between supply and demand has created a sellers market which will continue to prosper for the foreseeable future.
According to several finance experts the Bank of Canada are unlikely to raise interest rates while the economy is booming which will be welcome news for prospective buyers and sellers alike.