Thursday, February 28, 2008
Canada To Follow The US?
That seems to be the question right now, there is no correct answer. We are seeing signs that mortgage rates will continue to trend lower in Canada and the US. The housing market and mortgage market are very different in Canada vs the US. If rates continue to go lower in Canada and the employment stays strong, we should be in great shape in Canada. In the interim everyone is continue to watch the next moves of the Bank of Canada and the US Federal Reserve.