(President of the Saint John Real Estate Board Jason Stephen)
(File Photo)
If you've heard recent reports about the housing market bubble about to pop -- don't be too concerned about the impact locally.
Saint John Real Estate Board president Jason Stephen tells CHSJ News the market here has been much more stable than other areas of the country where prices have skyrocketed. As a matter of fact, Stephen maintains buyers have a slight edge in the greater Saint John real estate market at the moment.
A report from the Organization for Economic Cooperation and Development is suggesting a lot of Canadians could be in trouble with high personal debt loads and mortgages many will not afford if rates rise to historically normal levels.