27 Sep 2011

Canada housing picture slows but remains strong

Global financial instability has led to a market slowdown for Canada's real estate picture, but on the whole – and compared to other countries – housing conditions are solid, a new report reveals.

Market research firm Scotiabank recently released its Global Real Estate Trends report which analyzed the real estate conditions in nine countries throughout the world. Canada was one of three that had positive year-over-year home price growth. The others were France and Switzerland.

Still, there were signs of weakening in Canada's real estate market.

"In the majority of the major markets we track in North America, Europe and Australasia, inflation-adjusted home prices declined on a year-over-year basis in the second quarter of 2011," said Adrienne Warren, real estate specialist for Scotiabank. "While Canada's hot housing market also has begun to cool, it remains a notable outperformer."

She went on to say that a weak jobs market may prevent some people from buying homes during the remainder of the year, but thanks to exceptionally low interest rates, home affordability should remain strong.

Speaking of affordability, Jiffy Self Storage takes pride in offering spacious storage units for a low price. It's part of the reason why we've been consistently voted the winner of the Consumers' Choice Award for business excellence. 

Be Sociable, Share!

Related Articles [3]

4 Tips For Fireproof Document Storage

March 3rd, 2017
We all have valuables that we would be devastated to lose in a fire. Some of them are keepsakes, some of them are worth a lot of money and some of them are important legal...

Why It's Important To Get Your Winter Tires

December 20th, 2016
As soon as temperatures drop below seven degrees Celsius, it's time to swap out your all-weather, or your summer, or whatever tires you have on your car and opt for winter...

2 Tips For Choosing The Right Packing Supplies

February 12th, 2016
Having a pre-prepared list of all of the packing supplies you will need to move your belongings into a storage unit or a new home will make the move much less stressful. For...

Leave a Comment






Essential SSL