Canadian condo market poised for a soft landing, Conference Board report says. What do you think? Post your comments below
Canada’s contracting economy and slowing job growth are creating a climate for the country’s condo market to safely cool off, according to a report released today.
The Insights Into the Apartment Condominium Market report from mortgage insurance firm Genworth Canada and the Conference Board of Canada, a non-for-profit research organization, provides an outlook for the rest of 2015 that contrasts with concerns of overheating.
“While conditions vary across markets, with greater cooling in oil-exposed regions, overall, the numbers point towards balanced resale activity which will support the safety and soundness of the condo market,” said Genworth CEO Stuart Levings in a press release.
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