With housing prices on the rise in most Canadian cities, nearly a quarter of Canadians plan to use their homes as their primary source of income after they leave the workforce, according to the 2014 Sun Life Canadian Unretirement Index. This survey also revealed 17 per cent do not know if their investment in their home will serve as their primary source of income during retirement.
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Total housing starts in the Calgary region are forecast to fall this year by 8.9 per cent before rising by 12 per cent in 2014.
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While housing markets in Central Canada have “shown signs of fatigue over the past six months,” a new report from TD Economics said the Calgary market is experiencing “positive momentum”.
Detailing the vast differences in major markets coast to coast, the TD report singled out Calgary as “the lone shining star in Western Canada’s real estate market”.
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