After a particularly dynamic period from 2002 to 2006, the Canadian real estate market continues to thrive and experts forecast it will level out in 2008.

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The healthy Canadian real estate market


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CategoryReal estate news

ChapterInternational news


Real estate Canada

Economic conditions are conducive : Low inflation, high employment, consumer confidence, relatively low cost of borrowing.
Conditions are even better on the Quebec market where mortgage rates are continue to drop.
A survey conducted by the Royal Bank of Canada (RBC) on residential housing market trends shows that in Quebec, 21% of those surveyed intend to buy property within the next 2 years, that is, a progression of 2% in relation to 2007.
This enthusiasm is less obvious in the other provinces of Canada, although 85% of Canadians continue to believe that real estate is still a good investment (versus 90% in 2007).
The secondary residence market is expected to explode in 2008.
Baby-boomers in their 50’s and over should take that market.
They are looking for average size houses that require very little maintenance.
Environmentally concerned, builders are producing cottages using green materials, green insulation,geothermal heating, rainwater recovery systems,...


Updated on: 10/06/2008


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Geothermal heating


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