Aug 7
Economic Depression And Real Estate
Posted on Thursday, August 7, 2008 in Economy
Due to the economic crunch the housing starts are down by 75% and the resales by 40%. The uncertainty in jobs and the job losses are making the people step back even though the prices of the homes came down significantly and interest rates also fell down. More than 25% of the home owners are in negative equity.
Jul 14
Sale Of Homes
Posted on Monday, July 14, 2008 in Sale
Home sales and construction of homes in Canada is going to go down in the near future due to the economic conditions. The sales are declined in both single and multi family segments. The prices might drop further by 10 % and 15 to 20 % in resales as people are limiting their expenditure.