The Real Estate Market Is Strong But May Level Out
Real estate starts in Canada fell There was a boost of 7.5% in January, with 189,000 starts. This was accompanied by a gain of 6% in February, to a total of 200,400, the first time that the 200,000 mark was exceeded since October 2008.
The housing area was one of the fastest to begin recovering following the recession, with the federal government issuing money to encourage it, which combined with with low mortgage rates, made it easier to get a mortgage.
These components are now beginning to dissipate, and as the real estate market goes back to normal, the number of house starts is being affected. The property market is forecast by many economists to fall in late 2010. Buyers, however, are still searching for homes in sections such as Mississauga and quests for Mississauga MLS listings is on the increase.
The numbers now released for March 2010 was an overall fall in house starts, to 197,300, on an annual, seasonally-adjusted basis. Economists responding to a Bloomberg poll had forecast it to be 205,000. Read more…
Categories: Real Estate News, Real Estate Tips Tags: mississauga real estate, real estate market
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