REPEAT-Media Advisory/Interview Opportunity-Canadian Housing Outlook for 2013: BMO Hosts Conference Call
- BMO unveils outlook for housing sales, prices and expectations among Canadian home and condo owners - Results from poll showing how many Canadians intend to buy a property in the next five years - Experts from BMO, RE/MAX and the Canadian Home Builders' Association provide insights into real estate trends and examine which cities will be the next hot spots
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 01/07/13 -- Canada's housing market has undergone a major shift since the beginning of last year. Sales are down in some of Canada's major markets - Toronto and Vancouver are off double digits compared to a year ago, while even Calgary has simmered down after a year that saw a double-digit rise in sales.
Stricter mortgage lending guidelines, including a reduced maximum amortization period and a purchase price ceiling of $1 million dollars for government insured mortgages, have prompted some potential buyers to move to the sidelines.
Meanwhile, real estate prices - with the exception of some areas in Vancouver - are holding steady, supported by low interest rates. Since 2000, the price of houses across Canada has more than doubled on average.
Experts from BMO, RE/MAX and the Canadian Home Builders' Association will participate in a conference call to discuss the real estate environment in Canada, and what prospective buyers and sellers need to keep in mind. Panellists will discuss the following topics:
Media Dial-in: 416-641-2144 / 1-866-696-5910
Participant Passcode: 8636439
Passcode: To confirm your attendance of if you have any questions, please contact BMO Media Relations at (416) 867-3996.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $525 billion as at October 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Contacts:
BMO Media Relations
(416) 867-3996
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Datum: 07.01.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 1184641
Anzahl Zeichen: 0
contact information:
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Town:
TORONTO, ONTARIO
Phone:
Kategorie:
Commercial & Investment Banking
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