Bank of Canada Warns Housing Price Surge May Cause Problems

It may seem as if certain sectors in the Canadian economy cannot catch a break. This appears to be the case with a new warning that recently came out from the Bank of Canada. While this housing news does not apply to all homeowners, or to everyone who is thinking of buying a home, it does apply to enough people that it needs to be reported. A part of the story reads:

?In its latest assessment of Canada's financial health, the central bank takes aim at the housing sector, saying that vulnerabilities due to the continued rise of household debt and greater imbalances in regional housing markets are higher than they were six months ago. The Bank of Canada delivered a warning Thursday that surging housing prices in the hot markets of Vancouver and Toronto are rising at an unsustainable clip.?

Source: Bank" class="redactor-linkify-object"> of Canada warns again on bubbly property market by Fel?cio Luz.

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With the news that the housing market may take another hit, many homeowners may choose to stay in their current homes. When this is the case, having new flooring installed can make the old home look like a new home. Just think about it?new carpeting or hardwood in your living room, hallway, or bedroom. How about new laminate flooring in your bathroom or kitchen? Bringing new flooring into any home can make that home look newer, fresher, and more modern.

We also understand that our customers need to save money these days. It is another of our priorities to carry quality flooring at prices that range from very affordable to luxury. We are confident that all of our customers will be able to find the new flooring that they need and stay within their budgets.

If you would like to know more about the many quality flooring systems we offer, come see us at Westvalley Carpet & Flooring. We have all of the systems in quality flooring Calgary homeowners want and deserve.