This is front page news in the business section of today's Toronto Star newspaper! Tony Wong is suggesting that the upside in a global stock market rout may ironically be a healthier housing market. While many were predicting that Bank of Canada governor Mark Carney would hike interest rates in the fall, the market is now betting he will put off those plans untill next year. Scotia Bank economist Adrienne Warren said " the interest rate environment will continue to be very attractive for both short term and longer term borrowing costs" Looks like real estate will offer a popular place for investors to park their money!
If you are looking to buy or sell in the Oakville, Burlington, Milton market you may contact me at email@example.com or direct at 905 399-7771. I look forward to hearing from you!