Getting real: Bull run coming to an end for Canada’s housing
But the market appears to be slowing again. Last quarter, prices were up just 5.2% from a year ago and July sales dropped as much as 40% from last year in some major markets. Even if there is no U.S.-style collapse, everybody from the consumer to the mortgage broker to the real agent may have to accept a new real estate reality: For the first time in a decade, housing might become boring, with flat sales and price increases just ahead of inflation.
Read more: http://www.nationalpost.com/Getting+real+Bull+coming+Canada+housing/3369611/story.html#ixzz0vy3xnUEG
