Fears of Real Estate Bubble in Vancouver Are Apparently Overrated

There has been a lot in the news recently about the possibility of a real estate bubble in the Canadian housing market, with Finance Minister Jim Flaherty warning that Canadians are taking on too much debt and that they could face problems once interest rates begin to rise.

Canada’s Home Capital Group Taking Customers from Banks

The Home Capital Group is taking business from larger Canadian lenders including Toronto Dominion Bank and the Canadian Imperial Bank of Commerce, as these lenders are backing away from the non-prime mortgage market that’s currently worth in excess $200 billion.

Real Estate Sales in Alberta, Canada To See Biggest Gains over Next Two Years

According to a report from the Canadian Real Estate Association, Alberta will show the biggest year-on-year increase in home sales over the next couple of years. The CREA is predicting MLS sales will increase by 6.8% this year to reach 57,400, and by a further 1.7% next year to 58,400.

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