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Canada: Real estate positives balance negatives, housing market should remain stable in 2012: BMO

Posted on 30 September 2011

Housing sales and prices should remain fairly steady into next year, as a slowing economy is balanced by low mortgage rates and relatively low unemployment, a report issued Friday by BMO Capital Markets suggests.
“Low interest rates have fuelled Canada’s housing market in the past decade, pushing prices to new highs in most regions,” said senior economist Sal Guatieri. “However, a weaker economy and new mortgage rules have dimmed activity recently.”………………………………………Full Article: Source

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