. . 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.
Jim