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Sechelt Development - The Watermark at Sechelt
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06-13-2014, 08:05 AM,
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RE: Sechelt Development - The Watermark at Sechelt
It is not just a local, canadian trend.
Some of the functional business data coming out of the southern eurozone is horrific. USA Today had an article "Share of home buyers paying cash reaches new high" Google it. Interesting when you read between the lines. Financing is restricted leaving cash buyers in a power position. The all-cash trend may have peaked, according to RealtyTrac's Blomquist. In the second half of 2014, he expects to see a greater proportion of buyers who have financing. "There is a finite pool of people who can pay cash," he said. So giving the existing debt ratio of Canadians...minus the new legal restrictions on entrance visas? Splat. |
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