Airdrie has seen more sales this summer than in recent years.
With limited inventory - buyers are out there
Call Today
Airdrie has seen more sales this summer than in recent years.
With limited inventory - buyers are out there
Call Today
Ottawa’s latest housing crackdown has some wondering — why now?
By Garry Marr, Financial Post August 7, 2013
Last week, realtors in both Vancouver and Toronto released results showing a strengthening market. Toronto July sales were up 16% from a year ago and Vancouver 40%.
The latest tightening of mortgage rules might come down to a couple of thousand dollars for the average Canadian consumer but that still has many wondering why Ottawa is cracking down once again on housing.
Don Lawby, chief executive of Century 21 Canada, said if the latest changes raise borrowing costs, housing is going to get more expensive.
“In the eyes of the government, housing must be out of control again, but I don’t see it,” he said, adding the warning, “if...
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