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Housing overvalued in Canada

Well this article from Reuters News suggests that housing prices should decline in the year or two.

He predicted that higher interest rates will lead to a modest decline in prices, probably between 5 and 10 percent, in the coming year or two.

This is good for me as I will be buying a home as soon as possible once we move to Ottawa next year. I hate the idea of paying rent – it’s a complete waste of money as your money is just flushed down the toilet never to be seen again.

May 25, 2010 Comments(0) Save on Facebook

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