Real Estate Investment Canada

How's the housing market in Canada?

As in buying and selling. Is it booming or crashing and burning like the US?

Public Comments

1. Depends on where. There are places where it has been in the toilet for years and places where it is booming.
2. Canada is a HUGE country and so the housing market varies from location to location so there is no simple way to answer your question. You can try going through http://www.mls.ca
3. The economy in Canada has NOT been as affected as that of the USA, mainly because we didn't ;t allow the lenders to offer such high risk mortgages. Here in Canada, we have national regulations that prohibit such things as "zero down "mortgages. Here you have to actually have enough monthly income to be able to qualify for the loan. A second factor is that our economy is still growing and our unemployment rates are lower, per capita than in the USA. We don;t have the huge foreclosure problem either. Overall our economy is in better shape than yours is. So much so that many wealthy Canadians are buying " foreclosure properties in Arizona " for peanuts, to hold for a future rebound of the US housing market. Jim B. Toronto.
4. It's not as lively on the whole as it was, though some places are still doing fine. We haven't seen any huge drops in prices, mostly we're seeing lots of houses for sale and smaller price increases than we've had lately, or none.