They can’t go lower, can they? And what if mortgage rates start to climb? Could that be the last straw for the housing market?
[np_storybar title=”Younger Canadians pessimistic about ability to own a home, poll shows” link=”http://business.financialpost.com/2013/03/20/younger-canadians-pessimistic-about-ability-to-own-a-home-poll-shows/”]A large majority of Canadians in the so-called Y generation are worried that affordability will hamper their desire to own a home in their lifetime, according to an online survey conducted for real estate firm Royal LePage.
Continue reading . . .
It’s tough to make a pan-Canadian call on where real estate will land in 2013. The Prairie provinces seemed posed to avoid the downturn, but sales are starting to fall in many markets with a price dip happening already or predicted to be on the horizon.
All this is happening with five-year fixed closed mortgage rates below 3%, even at some of the big banks. The 10-year mortgage, still not popular…
View original post 959 more words