For Ron Butler, a mortgage broker at Butler Mortgage, Brown’s report “undershoots how bad it’s gonna get.”Article content
“When people start to investigate buying a home, they do some research, and they quickly find out that the prices are now falling. So no one wants to buy a house, if they think they can wait, it’ll be $100,000 less than a few months.”Article contentWhat about investment properties? Whether investors are going to see profits if they are selling now entirely depends on the area where they purchased.Article content
Is that the pain of rising prices, falling prices, too few houses, too many houses? Not enough to rent, too many to rent?
“While economists have previously pointed to international risks, such as the war in Ukraine, as a probable reason for a Canadian recession” Good god. Anyone following this thru the years saw this moment as an inevitability.
So what happened to people having to qualify at a higher rate? This should not have been a surprise.
Same old same ...📈📉