Forex news, rate of Canadian dollar. Experts of Royal LePage, Canadian largest real-estate agency, suppose that the cost of Canadian real estate will keep rising in 2012, at a smaller pace though. The increase of 2.8% is expected.
At the end of 2011 the average cost of a two-storey house was $375.427, which is 4.2% more than at the end of 2010.
It is worth mentioning that prices vary a lot and depend on the type and location of the housing. During the 4th quarter of 2010 the cost of standard two-storey house in Vancouver amounted to $1.1 mln.; the same house on the east coast of Canada cost up to $200 ths. In 2011 the average price rise of housing in Canada was moderate. Thus, in Toronto, the 2nd, after Vancouver, town with highest real estate prices, the cost of all types of real property is rising.
According to Scotiabank specialists, in 2012 real estate market in Canada will “cool down”.
The rate of Canadian dollar keeps moving within long-term flat. According to the experts of Мasterforex-V Trading System, there is high likelihood of false occasions of passing levels of support and resistance. Bearish wave А/В of Daily2 minimal level will be formed when minimal point 1.0139 is passed. The nearest significant support will be provided by minimal points 1.0075 and 1.0051. Bullish wave А/В of Daily2 level will be formed when maximal point 1.0318 is passed. The nearest significant resistance will be provided by pivot MF 1.0388 and maximal point 1.0422.
