TEAM HILSON ( Milton Real Estate )

BEYOND YOUR EXPECTATIONS
Welcome to TEAM HILSON ( Milton Real Estate ) Sign in | Help

Teri Lynn & Norm Hilson

STAY CALM!!

No risky business in 2014, Scotiabank says

Investors should calm down and carry on in 2014. That is the word from Scotiabank who are playing down the so-called risks that may affect market conditions next year.

The big risks – high household debt, affordability issues and muted wage growth – should not pose a serious threat to the Canadian housing market in 2014, despite what the naysayers say.
That is according to the new Global Real Estate Trends report by Scotiabank Economics. They say that improving global growth, attractive borrowing costs and population growth in key demographic segments should be enough to support housing demand next year.

The rental market will also remain strong in 2014 thanks to the “widening cost premium between owning over renting” in major centres. However, they do warn that vacancy rates “could edge up next year alongside an increase in supply from recently completed investor-owned units."

Alberta, in particular, is tipped to outperform national housing markets.

Scotiabank is also expecting a moderately lower level of resale transactions next year with home prices also remaining relatively flat. “Downside price risk is greater in the more amply supplies high-rise segment than for single-family homes,” the report says. Investor interest in renovation projects may also wane in 2014 as more people focus on their spending and general pricing environment.

Comment Notification

Subscribe to this post's comments using RSS

Comments

 

Bailey Dunne said:

The main impact is known as the planning about the best paintings. The best impact is known by the output result of the https://topamericanwriters.com/thepensters-com-review/ and make the thing more over the time better for the future output of the paint.

November 8, 2017 7:30 AM

Leave a Comment

(required)
(optional)
(required)
Submit

About Norm & Teri Lynn Hilson Broker Sales Rep

Born and raised in Milton, with complete knowledge of the surrounding areas. Our success is because of our commitment to service. We look forward to helping all our present, and future clients.