Has the pendulum in the Canadian housing market tilted toward homebuyers? This is the current debate unfolding among market analysts, real estate agents, homebuyers and sellers.
The research arm of Goldman Sachs recently dropped a bombshell of a forecast: Canadian real estate will witness the sharpest drop in the global economic downturn.
“The pandemic-induced housing boom appears to be cooling off,” the Wall Street titan wrote. “From Toronto to Auckland, a slowdown in the housing market is underway as interest rates in developed economies are set to climb rapidly.”
Indeed, it is a reasonable conversation to have after seeing some of the latest numbers being reported in the Canadian housing market, as the central…
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