Canada’s Housing Market Ranks 2nd
Canada’s housing market is one of the top dogs in the world, according to a report released by Scotiabank on Global Real Estate Trends. Although the market demand is getting cooler, it is still outperforming among industrialized nations. The shift is being attributed to income growth, as well as stricter mortgage insurance rules.
Global property markets are shown to be in distress, particularly in European countries suffering from recession. Specifically, Ireland’s prices dropped 18.9%, while Spain experiences a 9.1% fall.
Photo courtesy of palindrome6996
