My husband and I found a house we really like, and it's at the top of our price range. The realtor thinks it's a good buy. He also explained that it's a sellers market and that properties are flying off the market. People are even getting into bidding wars! We were thinking of making an offer, but now I'm not so sure. Will this hurt investors or should homeowners worry?
Adam Walker
6 years ago
2020 Housing Crash Speculation based on COVID. Here’s what you need to know…
(1) Reply
Alan Dehnberg
6 years ago
I've been watching a lot of real estate channels lately, and many talk about an imminent crash with the second wave. Here's the best vid I found.
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Jen Schwin
6 years ago
Anyone else think an impending crash is unlikely? In my area (Ottawa) prices are increasing.
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Christy Johnson
6 years ago
Yes, they're up compared to last year in Kamloops as well. There's just not much available to buy...
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Adam Walker
6 years ago
CMHC predicts price declines of 9 - 18%.
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Adam Walker
6 years ago
According to this article today, CMHC is looking at options to help unemployed home-owners facing the impending 'deferral cliff'.
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Cindy Johnson
6 years ago
My husband and I found a house we really like, and it's at the top of our price range. The realtor thinks it's a good buy. He also explained that it's a sellers market and that properties are flying off the market. People are even getting into bidding wars! We were thinking of making an offer, but now I'm not so sure. Will this hurt investors or should homeowners worry?
(1) Reply
Jan Fauth
6 years ago
The Canadian Real Estate Association (CREA) believes the outlook to still be too uncertain to release a forecast at this time.
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