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Today: 20.01.2018 - 03:28:36
   Canada Mortgage Hub Discussion Board -> Mortgage Winnipeg -> Is it true that Canada housing market is depicting a negative trend?
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poli_b

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Is it true that Canada housing market is depicting a negative trend?
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Canadian mortgage rates
Post # 1.

retro_king

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its pretty much the same western worldwide
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Post # 2.

ro1792

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The hot weather in summer melts their igloos making it harder to find a buyer.
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Canada mortgage
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oshea7

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Slightly negative. Prices have been going up faster than usual for a couple of years.
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paragasn

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WHERE? Canada is a very large country, and housing markets in one place very seldom match up with other areas. In Vancouver, for instance, markets have been very healthy, except for the latest month which saw a drop in sales, but with prices remaining high. Other cities/provinces have experienced different results.
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Canada current mortgage rates
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ocyl

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Yes, housing market in Canada is showing a down trend.The primary reason for downtrend in housing market is introduction of recently introduced harmonized sales tax (HST) in Ontario and British ColumbiaThe biggest decline in the houses in Canada was registered in Vancouver with a 45 percent fall.Ontario housing market went down by 8.0 percent while that of B.C.(British Columbia) was down by 14.1 percent.The introduction of HST together with stricter Canada mortgage insurance regulations and a backup in the borrowing costs have inevitably given a harsh blow to the Canada housing market.
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