Yesterday’s business section of the Halifax Chronicle Herald had good news for Canadians talking about the 450 point gain by the Toronto Stock Market on Monday. Much of this can be attributed to the positive response to Barack Obama’s attempts to rid the banks in US of toxic assets coupled with the surge of investors willing to reinvest in a banking system and Stock market plundered by mismanagement in the recent past. This will have a positive effect on the Nova Scotia Housing market already bolstered by the limited down-turn in the Nova Scotian economy with primary focus on the Halifax Real Estate market especially. With the Canadian Banks providing the lowest interest rates in half a century, the question remains, will Nova Scotians be looking to purchase that new home & take advantage of the positive come back in the economy or wait for the likelihood of higher interest rate in the future?
Halifax Real Estate Market going to be effected by the US bailout plan?
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