Canada's housing boom at an end now, too
Is she behind the times, expecting a quick sale nearly three years into a slump? Nope. She's in Canada, which boomed later and is now feeling the pinch that started here a while ago.
The property market has been slowing for months across much of Canada and the recent turmoil in the financial sector could slow things even more. Banks are toughening lending practices, fewer discounts are being offered on posted mortgage rates and several players have pulled out altogether.
Back in January, real estate sales were still so hot that one big lender sent more than 100 mortgage brokers to Paradise Island in the Bahamas for a three-day trip at the island's exclusive Atlantis resort. All bets are off for a similar trip next year.
How much of this change is a ripple effect from the U.S. market, I can't say. But the financial industry is so global now that one must assume some connection.