Mortgage News
Canada’s housing market still outshines rest of world
Canadian housing market conditions have cooled slightly, but the country continues to outperform other developed nations, according to a new Scotiabank real estate report.
Published
A recent report from Scotiabank reveals that Canada's housing market is continuing to outperform other developed nations, despite conditions having cooled slightly in recent months. The Financial Post shares the statistics from this recent report, along with the expected impact on Canada's mortgage market.
Despite significant average price drops owing to the eurozone debt crisis, it is believed that an eventual increase in affordability and housing demand will set these markets back on steady ground.