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American House Sales (graph) ouch !



.  Well we've all heard the horror stories about people losing their homes south of our Canadian border and recently a client from British Columbia who is thinking of buying an investment property in London Ontario asks me about the American mortgage meltdown affecting Canadian real estate markets.  Although I do not profess to have a crystal ball and certainly the bottom line is we will have to wait and see , however my opinion

it appears unlikely that we will be an affected by the Americans misfortune at least in the short term.  Canada mortgage and housing and other nongovernment sources are predicting steady growth for 2008.  However the rate of growth will not likely be what we have seen in the last few years.  The general consensus is that the market will remain healthy and continue a sellers market in 2008.

Don't forget get to check out the real estate statistics on my main website.




Published Sunday, December 2, 2007 7:01 PM by Jim Straughan
Attachment(s): YankSales.gif



Jamie Schaefer said:

It is great to hear you are a seller's market up north! There are a lot more homes on the market then there have been in many years and sales are lower than they have been in years. Needless to say, here in FL I am buying and not selling my personal property. I have been very picky about which listings I take right now. But what a great time to get deals! The nice thing about Real Estate is, "It is always someones market".

Keep up the good work up there!

December 3, 2007 2:39 AM
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