Thursday, August 1, 2013

In the Canadian Housing Market, Stable is the Word

TORONTO, June 25, 2013 /CNW/ - After three years of varied periods of growth and decline across the country, the Canadian housing market is starting to stabilize, according to the latest housing report released by Genworth Canada.  While the economy continues to strengthen, modest growth in the housing market is the trend for the next five years.

"The Canadian housing market is transitioning to a balanced level of supply and demand," said Brian Hurley, Chairman and CEO of Genworth Canada. "While lower demand has cooled the housing market, this latest research shows moderate growth over the next few years which points towards a more stable market for both buyers and sellers."

Click here to read the full report....
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