BENGALURU - Canadian house prices will be flat this year, but will pick up in 2020, driven by lower mortgage rates and solid domestic economic conditions, according to economists and property market analysts polled by Reuters.
The latest poll of 18 contributors taken Aug. 13-21, including all the big five Canadian banks, showed average national house prices will rise 1.8% next year after a flat 2019. “There are views that the factors are in place for continued recovery, but then again it will be a slow recovery, not a sharp snapback,” he added.
But house prices in Vancouver will not start to modestly recover until next year, with the median from poll participants expecting a decline of 5.5% in 2019 compared to a 4% decline predicted in the May survey. “There is still a fundamental demand for housing, even if the GDP numbers look a bit weaker from things like exports and manufacturing,” said Robert Kavcic, senior economist at BMO Capital Markets.
I know one Canadian who is making the best of a slow market...
They got caught expecting a boom in housing after all the promises of people moving when Trump got elected .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aaron Rodgers Rocks Canadian Tuxedo In CanadaIs this cultural appropriation? Is this porn stache making a comeback?😂 Just because they called it that in Super Troopers, doesn't mean this was ever a real thing in Canada eh! He will eventually come out the closet.
Source: TMZ - 🏆 379. / 59 Read more »
Huawei Executive Argues Canada Abused Her RightsHuawei’s CFO argued in court documents made public Tuesday that Canadian efforts to extradite her to the U.S. should be stayed because of misconduct by Canadian and U.S. law enforcement. Bahahaha like China’s citizens have rights, joke so China gets to play by one set of rules (none) and everybody else has to play by the rules? $ that toss her in jail. Yes, I got a seatbelt ticket in the USA but the car had major parts made in China. So I am off the hook
Source: WSJ - 🏆 98. / 63 Read more »
You Can Buy Gigi Hadid's Exact Bike Shorts in Canada Right NowGigi Hadid stepped out in a pair of bike shorts from Canadian label Aritzia overnight and we're all collectively swooning over the '80s-inspired power look.
Source: FashionCanada - 🏆 35. / 63 Read more »
China blames Canada for difficulties in relationship, demands Huawei executive be freedChina's embassy in Canada said on Thursday that bilateral ties were sufferi... 'WHY AREN'T YOU POKING THE USA IN THE EYE CANADA, WTF!?!?!?' Which is interesting; Reuters have you heard about the Hongkong counter-demonstrations in Vancouver? We in the US have been saddled with childishly belligerent POTUS45 Trump while 'Chip-on-our-shoulders' China continues their shenanigans with Canada. 🙄
Source: Reuters - 🏆 2. / 97 Read more »
US travel to Canada highest since 2007Some 12.3 million US residents headed to Canada in the first half of 2019, the highest first-half record since 2007, according to Statistics Canada. BREAKING NEWS Pundits of DNC: because Twitter is private company they can interfere with politics in US. There was Masha from Russia not allowed to interfere. ThursdayThoughts Borderless Crooks are crooks 1st Democrats I went to Canada this year as well as many other places. I’m not moving there 😂 I think we need a wall. Gotta keep out the crazies that vote for Trump.
Source: CNN - 🏆 4. / 95 Read more »
Sri Lanka central bank seen standing pat but rate cut not ruled out: Reuters pollSri Lanka's central bank is expected to leave its key interest rates unchan...
Source: Reuters - 🏆 2. / 97 Read more »