Canadian Mortgage and Real Estate Markets Considered Robust, Stable and Safe

If you’ve read the latest Canadian reports on the real estate and mortgage markets, you’d be forgiven for thinking the sky was falling. Maybe it takes an outsider’s view to see what should be readily apparent to us all – although prices and sales are down from the record heights reached last year, that in no way means that the bottom is falling out of the market.

On the contrary, the Canadian real estate sector remains the most stable in the Western world. The UK online magazine Shelter Offshore recently wrote not one, but two articles about the stability of our real estate and mortgage sectors, especially in comparison to those in Britain, Europe and the US.

The editors give many reasons for the health of our housing market. In “Five Reasons Why Canada’s Property Market Won’t Crash”, they point to the low mortgage carrying costs in most Canadian households and the fact that our lenders did not jump into the subprime market with the same gusto that American financial institutions did.

They go so far as to state that “Canada’s mortgage market quality is sound, robust and not affected by the so called credit crunch.” If you are ready to read some good news for a change, check out these articles at http://www.shelteroffshore.com/index.php/property/cat/C59/.