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Canadian Real Estate Price Obsession

Ally

Research Assistant
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Mar 24, 2009
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It has become a national obsession.

And just like sports aficionados who keep a daily count of the number of goals and assists hockey players such as Jarome Iginla tally, homeowners and potential buyers are well aware of what the prices of single-family homes and condominiums are doing on a daily basis, particularly in the local real estate market.

"Even 10 years ago, the obsession was not about our home prices, because we knew it was a good long-term investment," says Don Campbell, president of the Real Estate Investment Network in Canada and author of three books on the real estate market.

"We knew it was a very smart move to buy a piece of real estate. People understood back then that markets go up, markets go down, markets stay flat. That`s what they do."

Read the full article here.
 
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