Experts say Canadian real estate market will stagnate, not crash.
Waiting on Canada’s real estate market to collapse before buying in? Well, guess what? According to a recent article in the Financial Post, stubborn sellers may prevent that from happening.
As the Post notes, Urbanation Inc. says preliminary condo results for 2012′s fourth quarter show prices are down 0.8 per cent in Toronto year-over-year while Canada-wide home prices were also down 0.8 per cent in November from a year ago. But, so far, that’s about it.
“The one thing missing from the market, for all those people looking for a crash, is a catalyst or an event that will force people to reduce their asking prices,” the article reads.
To read entire article [click here].