Experts say housing market is heading for 'pain', so what can buyers and sellers expect in this environment?

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

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Experts say housing market is heading for 'pain', so what can buyers and sellers expect in this environment?Falling house prices have led to more uncertainty for anyone hoping to make a move Rent caps plus punitive taxation on rental, income and investment properties along with punitive taxation on empty homes. End corporate ownership of residential properties and ban AirBNB, watch the market deflate to meet the needs of citizens. Just months after saying that everything is ok… If people can’t recognize the world is in a state of organized chaos, I’m not sure how they can be helped.
Source: nationalpost - 🏆 10. / 80 Read more »