LostandFound
December 10, 2008
As mounting concerns about the economic consequences of the
recent sharp drop in energy prices send shivers down the spine o f households,
housing markets should be expected to retreat further in the year ahead.
As stiff headwinds blow on the provincial economy and
erode consumer confidence in the year ahead, would-be buyers will be hardpressed
to step into play until affordability improves more significantly.
Quotes and figure from the December Housing Trends & Affordability Report published by RBC.
