Last night on CBC’s The National, a panel of learned individuals were discussing the real estate “bubble” in Canada. CBC The bottomline
The general consensus was that we’ll see a 10 – 15% correction in housing prices. That’s a broad brush, as this comment following the story illustrates:
“A 10-15% market correction across Canada? Give me a break. While the oil flows and the minerals come out of the ground in Alberta and Saskatchewan, the prices will go up. Cut down on the blanket statements.”
Will the correction affect all areas of the country equally? Will it affect both condos and single family homes? Is 10 – 15% accurate? Finally, will there even be a correction? Are you holding off from buying because you believe a significant correction is coming?