Housing bubble to intensify and amortization periods staying the same: Canadian real estate news for May 13
Here are The Globe and Mail’s top housing and real estate stories this week, with the lowest mortgage rates available in Canada today, commentary from our mortgage expert and one home worth a look.
The housing bubble could shift into high gear
The housing bubble could see its comeback accelerate on Monday, writes Robert McLister. That’s when the Canadian Real Estate Association releases its April resale data, and national home sales and prices could shift into high gear.
National average home values had never had a 25-per-cent correction – until this year. That’s a problem for those planning to buy during this dip. So what do you do if you’re one of them and the boat has already left the dock?