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Follow on Google News | Canada Property's Rapid Correction Likely to Bring Rapid RecoveryFew would argue that Canada property has seen among the most severe price corrections in the world. But some people believe that this will lead to quicker recovery in the Canada property market, others believe that price drops will only be moderate.
By: Les Calvert Renwick also said that now is the time for first time buyers to buy, because properties staying on the market for longer means vendors will be more pliable. Les Calvert of overseas property portal Property Abroad said: "Because of its close proximity to the US and the surprising fact that it was not among the first to be affected by the US crash, realism has been quicker to hit sellers of Canadian property, which led to a rapid decline in prices”. "Because the economy has not been as badly affected as the US and UK the Canadian housing market has continued moving albeit at a slower pace and there is a higher level of supply of realistically priced properties, and more buyers in the market also. Because of all these things it is likely that the Canada property market will recover quite quickly from this correction." Property Abroad are currently advertising dozens of properties for sale in Canada, prices start from just over £22k for Quebec land plots. About Property Abroad Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net. To find out more contact the team at: les@property- Property Abroad LTD 182 York Road Hartlepool TS26 9EA www.property- Chief Marketing Analyst Liam Bailey liam@property- # # # Overseas property portal with more than 70,000 properties for sale direct from agents, developers and private sellers across the world. Buyers guides, maps, country guides, articles and useful information on buying a property abroad. End
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