The Canadian real estate market continues to boom, according to this Financial Post offering. With a year-over-year increase of 8.2%, Canada ranked 4th of the 23 countries studied in Scotiabank's report Global Real Estate Trends, behind Ireland (13.3%), Sweden (10.5%) and Australia (8.3%). However, the report warns the trend could change if economic uncertainty and high unemployment counterbalance the attraction of low borrowing costs. To read more click here.
Canada's real estate market continues to boom, with a year-over-year increase of 8.2%. Canada placed fourth in Scotiabank’s report Global Real Estate Trends behind Ireland (13%), Sweden and Australia who had an 11% and 9%, respectively). However, this could change if economic uncertainty counterbalances high unemployment for those looking into buying property during these times - they are likely thinking about how good rates would be rather than its affordability compared the US where mortgages often have higher criteria like down payment requirements or limits on what type loans can get approved