Economists forecast a better future. However, the last 12-18 months has certainly held some uncertainty in the housing market --- the future is looking brighter for the Ontario market.
Canada and Ontario seem to still prevent the lasting effects of the collapse of the U.S. housing market and the subprime mortgage market crisis What we have seen in the last 18 months were struck compared to the demand and the fair market value of the real relative to the economic situation in Ontario. Stability is giving them a major record
Here is my rationale for home price appreciation in Ontario for 2010.
Ontario home prices are decent. Despite a healthy appreciation in home prices in Ontario between 2001-2009 we prevented a large run up (and drops) prices seen in Alberta and British Columbia.
Ontario housing contribution appears to inline or undersupplied compared to the demand.
Canada has contributed approximately 8.5% for the debt. While this is terrible news for the majority of taxpayers, lending to this degree it will cause price inflation. It is directly and positively affect the value of real estate.
The world economy seems stable or growing. China does not seem to prevent the growth of India has been growing at a rate of 7.9% over 2009 and expects 7% growth rate in 2010. Natural resources of Canada will take them away for financial stability.
The unemployment rate in Ontario rose penetratingly as a result of the collapse of the U.S. economy despite a slow start because of a decline. Unemployment has grown since 2008.
Slowly increase consumer confidence and record low interest rates are bound to have a beneficial effect in the spring of 2010 the housing market. Spring housing market may even be coupled with the fact that the Bank of Canada has signaled their intention to raise interest rates in June and the introduction of the HST on the purchase of new homes in July.
Where prices over the summer of 2010 to go really depends on how much and how quickly the Bank of Canada intends to raise rates.Thanks