When you jack up interest rates that’s what happens!!!
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CMHC forecasts 'moderation' in Canadian housing market over next two yearsCanada Mortgage and Housing Corp. says the country's real estate market is expected to moderate over the next two years as the growth in housing prices is expected to slow to more in line with economic fundamentals. With the continual increase in rates, high housing costs and wages not keeping up, expect a housing slump. So sad the youth of today can't afford to purchase a home. still unaffordable in the gta and surrounding area! If it's repeated enough times maybe the population might believe it
Source: CTVNews - 🏆 1. / 99 Read more »
CMHC says housing market will moderate for next two years as sales and prices declineHome prices are forecast to range between $501,400 and $521,600
Source: nationalpost - 🏆 10. / 80 Read more »
Canada In For 2 Years Of Falling Home Sales, CMHC ForecastsThe housing market will see 'moderation' in the coming years, the government-run mortgage insurer says. Over a few years? Not so much as a burst as a deflation.
Source: HuffPostCanada - 🏆 61. / 53 Read more »