A new poll by the Royal Institute of Chartered Surveyors (RICS) found that the general sentiment within the industry is positive but there is also some concern around over-building of housing with “a substantial proportion of respondents highlighting the risks to the Toronto housing market in particular due to the large overhang of pending supply,” according to Michael Hanley, an RICS economist.
The Calgary market
was identified by those polled as being at risk of a price correction due to the supply pipeline.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Berryton, Langton, Burin, Grandview, Windermere
Canadian construction professionals are more optimistic now than they were in the last quarter but are concerned that the forthcoming federal election may halt some infrastructure projects.