Despite concerns surrounding overheated activity, a Canadian housing crash is unlikely unless there’s a spike in mortgage rates or a significant tightening of housing policy, according to a new report by Oxford Economics.
A housing bubble might be forming due to a pandemic-driven shift in buyer preferences, steadily depleting supply, and record-low mortgage rates, but this is ultimately unsustainable. On the contrary, the market’s probable trajectory is an eventual cooling, report co-authors Tony Stillo and Michael Davenport wrote. # SANDI HALPERN # SOLD # LEASED
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