Real Estate in Canada Slows Down
According to a Canadian economist, housing market in Canada is no longer in boom. Another one commented that there have been convincing evidences that popularity of real estate has come to an end. However, there are reports showing that although the market has no longer its record-breaking pace as compared to the previous years, it is still considered healthy. In the past 10 years, housing market in Canada stayed on top but according to Canada Mortgage and Housing Corp., MLS sales is expected to drop by 8.5 percent this year and by 2009, there will be another 2.3 percent decrease.