The recession hit home where Canadians live last month as a massive 129,000 workers joined the ranks of the unemployed and the country's jobless rate surged to 7.2%. It was the worst monthly employment drop in at least three decades, topping figures seen in either of the two previous recessions in the 1980s and 1990s.
Interest rates are low, property prices haved dropped big time. You would think that buyers would be lined up to buy property. With the above information posted by The Canadian Press it is not hard to see why the real estate market is flat. JOB SECURITY...there is none. What I can't figure out is why investors who have all kinds of money to invest would not be buying up everthing in site.
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