News of a strengthening economy and low interest rates may result in a stronger-than-expected housing market for early 2011. According to a Royal LePage survey, the widely held consumer belief that rates will rise later in 2011 could prompt an increase in early-year buying. The report states that, "Canadians realize that interest rates are unsustainably low and that homes will become effectively more expensive when mortgage rates return to normal levels. We will likely see more price appreciation early in 2011 as some buyers complete transactions in advance of anticipated higher borrowing costs."
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