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Canada has reported that their real estate market has continued to grow, despite the concerns elsewhere. In total about a full 67% growth posted, when compared to the last year around the same time. This is some good news, not only for Canada- but elsewhere as well.
It shows that the market may finally be recovering from the harsh climate of late, and leads to new found hopes for the worldwide community that has been effected by the Recession.
While Canada isn’t alone, there (of late) other areas posting growth as well. This is some unexpected good news for economists, especially taken with the job market growing as well. While seasoned employees have been finally starting to find work, it does seem to be displacing the high school and fresh out of college workforce.
Although with baited breath, some are saying that this new market may be the start of another bubble- it may just be simple fears still in the air. We can hope that the same mistakes that have caused the present fears won’t be repeated, and unfortunately it seems that’s all we can do.
While new laws will be going into effect soon, primarily involving the credit markets and loans, there’s no real way of knowing for a fact if they will make a difference if and when another bubble is ready to burst.
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