Canada’s roaring housing market is likely to cool off a bit later this year and into next thanks to government measures aimed at cooling demand in major cities, and the prospect of higher interest rates, a Reuters poll showed.
But there are few signs yet that the recent sharp slowdown in activity and price falls in Toronto, the financial capital, is set to spread nationally, at least not until interest rates rise further from near-record lows.
Having climbed in nearly a straight line over…
Source : South China Morning Post
Read more…Poll: Canada’s roaring housing market set to cool, but only a bit
