A data driven explanation for why Canadian home prices appear detached from economic fundamentals.
All tagged Housing Bubble
A data driven explanation for why Canadian home prices appear detached from economic fundamentals.
Some economists say the Coronavirus Recession will rival the Great Depression. If that is true, then some Canadians should seriously consider selling their home.
Some economists say home prices will drop, but Relators report there are still bidding wars. Is this a good time to buy?
Government agency reduces its risk appetite.
Buyer interest was high in the first three months of 2020, but the market has slowed down now that open houses have been suspended.
The Metro Vancouver benchmark home price has held its value, but the price of the median home purchase has dropped significantly.
Calgary’s home prices were dropping before COVID-19 struck and the Metro Calgary benchmark home price is still trending downward.
Everyone now agrees home prices will fall this year, but no one is confident how much and for how long. Were Toronto, Vancouver, Victoria, and Hamilton in a price bubble? Will prices crash? Should we expect house and condo prices to fall across Canada?