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
The house prices in 🍁are insane, did one expect them to keep growing like that forever? The median house price in ON has nearly doubled since I sold mine and went away 6 years ago. A market correction is overdue IMHO.