Post Election
Okay, so we had an election. What do the results mean to the real estate/ mortgage market. Go across the country and you will hear various outlooks some of shear blind hope and others more tempered in sanity. We have heard that the new conservative majority will change some of the recent mortgage restrictions by returning to some of the rules they had in place before being pushed by the opposition during their minority reign. More likely it will just stop any further restrictions which would only further hurt first time buyers. There is a higher sense of stability with the new majority, in Ottawa in particular where so much depends on the civil service work force. We also should not face another election until 2015 avoiding the inevitable hiccups in economic growth we have faced every two years including slow downs in the real estate market.
