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!
Comment

Related Articles [3]

5 Tips To Help You Downsize To A Smaller Home

December 15th, 2015
Sometimes life events bring with them the need or desire to opt for a smaller living space. Unfortunately – though not always – this entails either getting rid or moving...

Toronto home sales jump in July

August 5th, 2013
The latest report from the Toronto Real Estate Board showed that home sales in the greater Toronto area were up 16 percent in July on a year-over-year comparison, marking...

Home prices on the rise in Toronto

July 25th, 2013
A recent report from Remax Ontario-Atlantic Canada indicated that home prices in a number of Toronto neighborhoods are averaging more than $1 million.According to the report,...

Leave a Comment






Recent Posts

Blog Categories

Archives

Subscribe to RSS Feeds
Essential SSL