Real estate refuge

A gradual cooling in house prices will look good in hindsight, argues a major Canadian bank.

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  • The cooler housing market may be good for certain sectors of the economy, CIBC World Markets says in a new report.  First-time buyers, for instance, may welcome a letup in home prices and may have more money available for retail spending, argues economist Avery Shenfeld. Pick up the Dec./Jan. issue of MoneySense to read “No Bubble, No Trouble,” your guide to capitalizing on the recent market downturn.
  • In his latest blog post, our favourite Canadian Couch Potato gets to the bottom of BMO and PowerShare’s new batch of low-volatility ETFs.
  • The Royal Canadian Mint is selling off some rare gold coins. There are 30,000 $5 and $10 coins up for grabs dating back to First World War. The $10 coins, with about 15 grams of gold, are being sold for $1,750.

2 comments on “Real estate refuge

  1. A change in prices always benefits either buyers or sellers; so it just depends on what place you are at in your life.

    Reply

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