Mortgage Investment Corporation (MIC) » balance http://www.greatpacificmortgage.com Wed, 28 Sep 2011 21:13:20 +0000 en hourly 1 Balance in the Canadian Housing Market? http://www.greatpacificmortgage.com/blog/balance-in-the-canadian-housing-market/ http://www.greatpacificmortgage.com/blog/balance-in-the-canadian-housing-market/#comments Fri, 26 Feb 2010 19:21:06 +0000 cgleed http://www.greatpacificmortgage.com/?p=560 There was an interesting article written by The Canadian Press (posted February 17, 2010) regarding the Canadian real estate market.  Victoria, Vancouver Island & BC are different ‘cups of tea’, but I certainly think that our market IS becoming more balanced and that anticipated, and coming, changes in ‘qualification criteria’ for ‘insured’ mortgages will actually assist in stabilizing our market.

The HST will certainly impact sales of homes priced at the mid – high end of our marketplace, but should not slow ‘entry level’ sales.  Entry level sales inevitably drive the rest of the market so….. I am cautiously optimistic regarding our real estate market!

My thoughts on when / how higher interest rates will affect us is another matter… for another day.

TGIF… Go Canada!

Walt

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