Boom Real Estate Market

September 25, 2009

In Canada, the Vancouver and Toronto markets, which fell fastest during the correction, have seen the strongest rebounds.The current flurry is partly caused by the pent-up demand from all of the potential buyers who scattered last winter ...and spring. Eventually that excess supply of purchasers will be exhausted.At the same time, interest rate cuts won't boost the market the way they have in the past because rates don't have any farther to fall, he points out. Full Story Link Below.

http://www.theglobeandmail.com/real-estate/back-to-boom/article1300063/
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Source: www.theglobeandmail.com
Buyers have returned with a vengeance, but experts predict the upswing is partially fuelled by the pent-up demand of those who waited for the economy to improve

 


Tagged with: housing vancouver toronto sellers buyers resales
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