I’m getting tired of reading about an impending crisis in the Canadian housing market. I don’t see a grim reaper anywhere!
I recently read this little tidbit from our new Finance Minister and thought I would share:
‘May 21 (Reuters) – The Canadian government is watching the housing and mortgage market carefully, but does not see a crisis, Finance Minister Joe Oliver said on Thursday.
“We’re going to monitor the market, but we don’t think we’re confronting a crisis at this point,” he told CTV News.
He noted that the government had intervened a number of times to cool the market.’
I think real estate is alive and well and even though our current market has been slow to heat up, I have faith that it will keep on getting better! No grim reaper of real estate here!