The housing market in 2018 will benefit from
strong economic fundamentals as job and wage growth stay solid and interest rates, although inching up, stay low.
«In Canada over the past six months, price increases have slowed except for a few hot markets, but all markets are supported by
strong economic fundamentals such as job growth and stable mortgage rates,» Lawby says.
A housing slowdown in Toronto and Vancouver could affect consumer confidence in regions
with strong economic fundamentals like Calgary, Edmonton and Halifax, adds Don Campbell, best - selling author of Real Investing in Canada.
These developments are good news for markets, and NAR Chief Economist Lawrence Yun says it's
simply strong economic fundamentals — good job growth and low mortgage rates — that's driving the increase.
«Canada's housing market in 2008 should continue to thrive on a balanced diet
of strong economic fundamentals, including high levels of employment, resilient consumer confidence, modest levels of inflation and the relatively low cost of borrowing money,» says Phil Soper, president and chief executive of Royal LePage Real Estate Services.
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Strong economic fundamentals continue to fuel healthy residential real estate activity in markets across the country, despite what is happening south of the border,» says Michael Polzler, executive vice-president and regional director, Re / Max Ontario - Atlantic Canada.
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Strong economic fundamentals such as continuing high employment levels, rising incomes and low mortgage rates will provide a solid foundation for healthy housing markets this year,» says Bob Dugan, chief economist for CMHC.
The loonie has been gaining ground since last week, when Mr. Dodge, Finance Minister Paul Martin and Prime Minister Jean Chrétien pointed to Canada's
strong economic fundamentals as reasons for the dollar to be higher.
«We haven't seen this happen over the past eight years,» the E-Trade official said, referring to bullishness based on a combination of strong earnings and
strong economic fundamentals.
The report rehashes what's by now a familiar story: Canada has
strong economic fundamentals, good financial regulations, loads of natural resources, a competitive workforce and immigration policy, etc..
Sotheby's says that given Canada's
strong economic fundamentals, improved consumer confidence and super-low lending rates, all markets are expected to gain momentum in the second half of the year.
Meanwhile, road warriors who aren't planning to trim their travel schedule this year should probably budget a bit more for hotel stays: In its latest forecast on the U.S. lodging industry, PwC US — which tracks industry metrics — said the country's
strong economic fundamentals are pointing to continued heavy demand for hotel rooms.
Strong economic fundamentals will contribute to healthy residential real estate activity again in 2006, says Re / Max.
In fact,
strong economic fundamentals and low interest rates have kept demand for homes among Canadians resolutely high, and this will continue to drive prices higher,» says Soper.
«While rate of price appreciation is obviously tempering across the entire country, it's important to underscore the fact that Canada's housing market is supported by markedly different, and
stronger economic fundamentals than those that American homeowners are wrestling with,» says Soper.
Strong economic fundamentals, a favorable regulatory environment, and plenty of capital to deploy bode well for real estate investments, acquisitions, and development in 2018.