“Less demand, lower prices, modestly, in the housing market are much better for Canadians than a boom followed by a bust” says Canada’s finance minister on the country’s cooling housing market.
Stricter mortgage rules have softened the market but it also makes it a healthier market for sellers to list their homes in. Less deals falling through because pre-approvals are being done prior to even working with a Realtor to make sure they can afford what they are looking. This is great market to buy as well due to the low interest rates. Think about it, why pay someone elses mortgage… get a downpayment together and get in the market as soon as you can. Real estate is the best investment of your life. Let me show you how.