Canadian real estate becoming more affordable

In Canada, in the fourth quarter of 2012, the purchase of residential property has become more affordable, due to a small decrease in house prices and interest rates, the Reuters Canada Internet resource reports with reference to the housing affordability index compiled by the largest Canadian bank RBC. The purchase of housing in Canada is available to many due to low mortgage rates, the growth of which is not expected until the end of 2013 - early 2014. According to the source, a slight increase in demand for housing in Canada will help support the trend in 2013. According to the Real Estate Association of Canada, the average cost housing in the country in January 2013 was approximately $ 355,000. In Vancouver, the most expensive property in Canada - the average cost of houses per family, condominiums and townhouses here is about $ 588,000, in the suburbs of Vancouver, below. HomesOverseas.ru