This is an interesting article in that Canadians have heard alot about rising interest rates, growth in the Canadian economy, job growth in BC, Ontario and Quebec and even how much better things are getting in recession ravaged Alberta from government spokespeople, finance ministers and propagandists.

Housing as a bellwether indicator leads the true picture of the Canadian economy and 2018 has been dismal to say the least, with the new home market suffering the most.
And then an article like this throws all that "cheerleading" out the window. Housing as a bellwether indicator leads the true picture of the Canadian economy and 2018 has been dismal to say the least, with the new home market suffering the most. OVER regulation (which according to a recent CD Howe Institute study has added $113,000 to the price of a new home from 2007 to 2016) has crippled Canadians ability to own a new home or even a resale for that matter.

In spite of longer term benchmark interest rates rising - there simply aren't enough buyers to sustain the banks need for business and so they are discounting the price of the product.
And, this article shows that in spite of longer term benchmark interest rates rising - here on main street there simply aren't enough buyers to sustain the banks need for business and so they are discounting the price of the product. Good news is if you are one of the "golden few" who can qualify for a mortgage - well there are still deals to be had. So get that deal and buy a new home - hopefully in Alberta - today.

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