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据EDMONTON REAL ESTATE BLOG 杂志报道8 |, W' R% C+ n; @
Canadian Real Estate Won't See the Same Cooling as the U.S.
9 `0 h; a- X8 Y4 B' JThis article from the Globe and Mail outlines all the reasons that the Canadian real estate market is still going strong, and won't see the same kind of downturn as in the US. They do suggest that with the kind of price increases we've seen in Calgary and Edmonton a local cooling may be in order, but at the same time says that housing is here is so affordable relative to the rest of the country that we could just keep on trucking. A closer look at the economy in Alberta shows that it will be some time before there is any price correction here.
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Why our housing market is better insulated; Q% ?* B& z! t% }0 X& S
Canadian real estate may be cooling, but it's not crashing, ROB CARRICK writes, and we positively shine compared with slumping U.S. sales and prices
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; i9 C9 r2 R/ E: d2 R/ rROB CARRICK0 d; s; h) H8 e- {
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The Massachusetts real estate market is just the thing to cure any smugness Canadians might have about how much their homes have gained in value.- @' h- f. x- b+ T0 S
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A blast of negative news about the U.S. housing market was released this week, including a report that Massachusetts home sales continued a slide in July that began last fall. But while prices held their own previously, they posted a 3.5-per-cent decline last month that was the worst setback in 13 years., ~9 B u7 K& t2 b
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Sean Rooney, an agent at Boston's First Choice Realty, said sellers are getting frustrated. "They've seen people selling over the past year or so and getting that high price," he said. "Now, they're not getting the prices they're looking for."
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Are Canadian homeowners heading for the same kind of shock about the value of their properties? It's hard to generalize about our housing market because of differences between hot and not-so-hot markets, but the answer on the whole seems to be no, if you judge by some key indicators.2 Y* _" w. Z6 B4 ]4 ?
" K0 U Q7 Q8 C0 g9 S: MBefore looking at them in detail, it's worth pointing out that the real estate market is important not just to homeowners who like to play the trivia game called What's My House Worth? The housing sector has a significant impact on the economy, both through construction and the sale of related goods and services. Also, many people have been borrowing against the increased value of their homes to finance renovations and other expenditures. If housing prices contract, that could dampen |
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