Canadalend.com, the Countrys Leading Private Mortgage Professionals, Weighs in on Moderating Housing Prices Approaching Long-Term Average

Toronto, Canada (PRWEB) November 04, 2014

Canadalend.com, the top low cost, private mortgage alternative supplier in Canada, is releasing its opinions on Canada’s moderating house costs. Canadalend.com is, in addition, weighing in on why it is an excellent time to get a residential mortgage or home equity loan or merge debt. !

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Based on a survey the home costs in Canada are moderating. During the 3rd quarter (ended September 30), the typical cost for condominiums and houses all over the country increased between 4.4% and 6.1% year-over-year. The cost for a regular two-story house increased 5.5% to $ 441,714, the cost of a detached bungalow increased 6.1% to $ 405,101, and the cost of a condominium (on average) experienced a 4.4% increase to $ 257,377. (Source: “Canadian Home Marketplace Moderates as Costs Move Toward Long Term Typical,” Royal LePage web site, October 15, 2014; http://ift.tt/1x8HPbi.)

“After years of strong yearly increases, it seems as though Canadian housing market prices, while still healthy, are starting to moderate.” says Bob Aggarwal, president of Canadalend.com. “After seven years of strong growth, home costs are trending back to the long term average of around five percent. This really is very good news for all those looking to step onto the property ladder.”

Aggarwal clarifies that going forward; the low rates of interest in Canada, coupled with improving economic conditions in both Canada as well as America, will continue to aid propel a healthy real estate marketplace. Homeowners looking to consolidate debt or take out personal loan or an equity home mortgage loan could take comfort in knowing that healthy supply and the current economic environment -and-demand amounts will shield their principal investment.

“While the Bank of Canada has anchored its key interest rate at one percent since September 2010, most economists believe the rate begins to rise higher in mid-2015,” Aggarwal reasons. “Whether you are seeming to be eligible for a residential mortgage, would like to consolidate debt, or need to take out a personal loan, now’s the best time to get hold of the closest independent, authorized Canadalend.com mortgage agent.”

Canadalend.com is among the biggest and most trustworthy private mortgage agents in Canada, with proficient independent, accredited professionals helping Canadians coast to coast. Canadalend.com supplies its customers with residential and commercial mortgages, home equity credit, debt consolidation, and help with addressing funding issues. To find out more about Canadalend.com, go to the website at http://ift.tt/1x8HPbm.

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