There’s some early signs of a price reversal in real estate prices. I discuss March’s numbers and ask the question if this trend will continue or if it’s just a temporary lull in the market and a good opportunity for buyers. I highlight some of the news from the week, links are below, and the banks increase the mortgage rates once again.
https://betterdwelling.com/canadian-real-estate-could-be-in-for-a-correction-or-worse-bmo/amp/
https://beta.ctvnews.ca/national/business/2022/3/25/1_5834380.amp.html
Canadian Real Estate Is About To Experience A “Full-Scale Attack,” Warns Big Six Bank
https://www.cbc.ca/amp/1.6399770
https://globalnews.ca/news/8716412/canada-housing-market-cooling-bubble-interest-rate/aMmp/
https://www.nationalobserver.com/2022/03/29/news/bc-cooling-period-homebuyers-hot-housing-market
https://www.fin.gov.on.ca/en/bulletins/nrst/
Originally published at https://www.youtube.com/watch?v=XZFsHmq4iGo
This news story originally appeared at Real Estate - Trend Magazine on 25 April 2022