housing explosion in Canada

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Canada and the Housing Explosion

Canadian real estate market is growing at an alarming rate. This phenomenal growth is more prevalent in the western provinces, and this has been primarily aided by increased number of jobs; low unemployment rate, low interest rates and as the result low mortgage rates on the real estate property. These low interest mortgage loans were primarily accorded because the condos were available for selling, before they were physically present on the land. A new set of protocols is therefore created.

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