Analysis: ‘Buyers don’t know whether to purchase yet. And sellers don’t know if they should sell for less’
From all corners come the forecasts of lower housing prices in Canada. Everyone is nervous.
The predictions portend gloom for many who bought homes in recent years, particularly over-leveraged investors. But drastically reduced prices also signal a possible opening for middle-income earners so far barricaded out of ownership.
The Bank of Canada is expected to again hike the prime rate in September, to about 3.5 per cent. This will further deflate the housing bubble ...