Canadian economy ‘vulnerable’ to overheated housing market, IMF warns

Canada’s average home price is about 10 per cent higher than models suggest it should be, posing a “vulnerability” to the country’s economic outlook, the International Monetary Fund warns in a new report.

A drop in prices would be a blow to already highly indebted consumers. With household debt at record levels of about 150 per cent of disposable income, the domestic spending boom that helped Canada weather the financial crisis already is at its limits. View homes for sale in Vancouver. Read the story »

The Key to Finding Professional Real Estate Agents - A Thorough Interview

Many individuals think that when it comes to selling or purchasing property, every real estate agent is equally competent and qualified for the task. The painful truth is that excellent real estate agents are not easily found and many of them are only aiming to see the transaction through rather than represent the best interest of their customers. As of such, interviews are a mandatory selection criterion and Long Island real estate agents are always willing to take the time and address the concerns of their clients. Read the story »

Canadian economy ‘vulnerable’ to overheated housing market, IMF warns

Canada’s average home price is about 10 per cent higher than models suggest it should be, posing a “vulnerability” to the country’s economic outlook, the International Monetary Fund warns in a new report.

A drop in prices would be a blow to already highly indebted consumers. With household debt at record levels of about 150 per cent of disposable income, the domestic spending boom that helped Canada weather the financial crisis already is at its limits. View homes for sale in Vancouver. Read the story »

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