whitehorse real estate,real estate in whitehorse,whitehorse houses for sale whitehorse real estate,real estate in whitehorse,whitehorse houses for sale whitehorse real estate,real estate in whitehorse,whitehorse houses for sale whitehorse real estate,real estate in whitehorse,whitehorse houses for sale

Five Countries With Hot Housing Markets

An article by the Globe and Mail

A recovering economy and low interest rates push up housing costs, pricing many people out of the market and prompting the fear of a housing bubble. Sound familiar? The same scenario is playing out worldwide.

Runaway home prices are dogging regulators in countries from Singapore and Israel to Australia. In some countries – such as Canada and New Zealand – governments are trying to deflate the bubbles by making it tougher to lend money to buyers with small down payments.

Some countries where housing is hot include Canada, Britain, Germany, China and Brazil.

CANADA

Primed for ‘soft landing’

In an effort to curb upward momentum in the housing market, Finance Minister Jim Flaherty introduced the latest in a series of mortgage-rule adjustments last year. It seemed to work – for a while – as sales volume slumped and prices softened. But by early this fall, volumes and prices had rebounded sharply. The latest figures, for September, showed a big boost in the number of properties changing hands, and average prices were up more than 8 per cent year over year. Perhaps Canadians are just jumping into the market before interest rates – and thus mortgage costs – go up, and the market will cool again once rates move higher. But the resilience of the housing market has surprised almost everyone, and the government is considering further measures to cool it. Still, Bank of Canada Governor Stephen Poloz insists there is no housing bubble in Canada and that the housing market is in for “a soft landing, not a crash.”

To read more on the remaining four countries: http://www.theglobeandmail.com/report-on-business/economy/five-countries-with-hot-housing-markets/article15005669/