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Canadian house prices set to double in 20 years: CIBC

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Don't believe scenarios that say Canada's aging population will inevitably lead to a drop in home prices in the future, CIBC World Markets says. "Despite downward pressure from demographic forces, on average, we expect house prices in Canada to double in the next 20 years," said Benjamin Tal, a senior economist at the investment bank.

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Published Wednesday, April 25, 2007 5:36 PM by Sandy Simpson & Sue Booth
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Homebuyers may want to consider a term life insurance policy in the amount of their mortgage instead of the mortgage insurance offered by the lending institution. Term life is usually cheaper, never decreases in value, and allows the policyholder to name the beneficiary, thereby giving them more financial control. Consult with your broker about all your options!

October 23, 2007 10:11 AM

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