canadian mortgage forecast
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Why are new home sales in the U.S. fell to a record level, at the same time home sales in Canada hit a record?
Here data from the U.S.: # http://www.bloomberg.com/apps/news?pid=20601068&sid=aToSv9PXNo3g title: "Sales of new homes fell U.S. to lowest on record (Update3) "Here are the Canadian data: http://www.theglobeandmail.com/report-on-business/canadians-fret-over-mortgage-rates-prices/article1510682/ title: "On Tuesday, the Bank of Nova Scotia forecast in its report of real estate trends that sales should rise 10 percent to 510,000 this year, while average prices would jump 8 percent one hundred to one record $ 345,000. "What the heck is it? Why is our housing market is booming!, No, his shooting MOON!, but at the same time, the U.S. housing market seems really dead?? Why the huge difference? Are there any something about Canadians that make us more intelligent, perhaps better than Americans?
Yes, at a time when Americans buy houses have been "no money" and have subprime mortgages, Canada has continued to require a deposit of 20%. This meant that people buy houses could actually AFFORD the homes they bought, if you have not had the accident and subsequent billing that we did. Dr. Deth: I defy you to find a $ 20,000 house in a decent state in all major cities in the U.S. – namely, a house that a person normal would have wanted. Ok, Canada! Can I come live there? In fact, one of your strengths is that you have a small enough population that can still make your govt move things. We had traffic jams in the 20-year government for +, so even if there are problems everybody knows needs fixing, we can not agree on what should be done. I thought long ago that the U.S. should be divided in 4 countries so we can move again.
