Canada property investment market rating downgraded

We have just downgraded our BTL investment rating for the Canadian property market as a whole, after an extensive visit to the country this summer by part of our team.

The market has hit a natural high and prices have stabilised in most areas.

We don't see the market going the same way as the US, as lending in Canada has been much tighter than in the US.

We've been big fans of the Canadian property market over the last few years, but the high growth phase has come to an end for a while.

In the short term we expect low growth, but not a crash.

The fundamentals of the market are still healthy, but affordability needs to catch up with prices before much further growth can take place.

This means Canada falls from a 4 to a 3.5 on our investment rating scale.

www.propertyinvestmentinternational.com