The warnings of a market correction keep bubbling away but in Saskatchewan Realtors are optimistic.
The chief executive of the Association of Saskatchewan Realtors says he’s not expecting any significant corrections in the region, noting that most of the over-valuation of property (as cited by Fitch and Morningstar this week) is in Toronto, Vancouver and Calgary.
Bill Madder says that if things stay buoyant in the local economy, the housing market will be stable. He says that people can afford property in the area and assuming there are no sudden rises in unemployment, he is optimistic that the market will hold up.
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