Barrie Real Estate Will Remain Strong For 2014 Says Mark Turcotte

BARRIE, Ontario - Feb. 26, 2014 - PRLog -- The Royal Bank of Canada says the ability of Canadians to keep up with housing costs has been improving of late, but warns that’s about to change.

RBC’s latest housing affordability measure shows home servicing costs relative to incomes dipped slightly in the last three months of 2013, after having risen the previous two quarters.

Lenders are prediciting that in 2014 we will see rates rise, this will push some potential home buyers out of the market due to affordability.

Home prices have increased rapidly in the last few years mainly due to our low rate mortgage climate. This climate has pushed strong demand for real estate, which has lead to higher prices for home Buyers.

In Barrie Ontario we have continued to see strong market conditions and big demand for real estate. The real problem is a shortage of available inventory.

Barrie being so close to GTA and Toronto we will continue to see solid performance in 2014.

For more information on Barrie real estate visit http://www.newbarrierealestatelistings.com

Mark Turcotte