Decline in housing prices in Canada

Decline in housing prices in Canada


Decline in housing prices in Canada were revealed by the current study.
Based on the invoice issued by the National Bank of teranet, Canada were on the decline in housing prices since last September said.
The price decline in Canada's major cities is distributed, in the city of Victoria was 1.3 percent.
In Vancouver 1.2 percent and 8 percent in Ottawa, July 0.6 percent and 0.7 percent in cities disappointing job market
At the national level this year, 3.6% higher than domestic prices is more than it should be. mortgage payment repayment period from 30 years to 25 years less.
The situation of falling prices for the upcoming year as the National Bank's senior stats soothsayer said Marc Pinsonneault.