Filed under: Family Finances, House & Home, Real Estate, Mortgages
Five years have passed since the financial crisis of 2008 tightened belts across the nation and threw one of Canada's economic drivers - our red hot housing market - into flux. Fast forward past home affordability restrictions, impending crash cautions, and record low mortgage rates; is now a better time to buy a home?These turbulent times have been compiled into a succinct snapshot by RateSupermarket.ca, Canada's independent financial rates comparison site. Titled 5 Years of Mortgages in Canada, and assembled to commemorate the site's five-year anniversary, the infographic breaks down the key mortgage milestones affecting the market, and the impact they've had on buyers.
As Canada's most comprehensive financial rates comparison site, we strive to provide consumers with tools, resources and insight to Canadian personal finance products," says RateSupermarket.ca President Kelvin Mangaroo. "This historical data and market trend information can be of great use to consumers looking to understand mortgage markets.
Here's a look at the top factors behind current market conditions.
Continue reading The Canadian Housing Market: A 5-Year Snapshot
The Canadian Housing Market: A 5-Year Snapshot originally appeared on Walletpop Canada on Wed, 29 May 2013 14:46:00 EST. Please see our terms for use of feeds.
