"Canadian house prices are rich no matter how one looks at it, but they are likely to become richer yet before material risks emerge later next year and beyond. The implications for the Canadian economy, mortgage markets, and monetary policy must, however, take full consideration of profound microeconomic differences between the Canadian and US mortgage markets. We also argue that the implications of strong house price gains on the Bank of Canada’s conditional commitment to keep rates on hold until the end of 2010Q2 are exaggerated for seven key reasons."
Read the full report here.
I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.
Real estate geeks can follow our daily updates on Twitter @norm_fisher.
Our Saskatoon home search tool offers MLS listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.
Royal LePage Vidorra