Canadian Real Estate Markets Will Cool, But Don’t Rule Out A Correction: Desjardins
One of Canada’s largest financial institutions sees the market cooling. Desjardins senior economist Benoit Durocher expects real estate to stabilize soon. This won’t be due to government action or new policy measures though. He sees the cooling as a result of a lack of affordability, and the economy reopening. Stabilization is most likely, but cooling by market forces is unpredictable. He suggests people should not dismiss the possibility of a larger-than-expected correction.
Original Article Source Credits: Better Dwelling, https://betterdwelling.com/
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Original Article Posted on: 10th June 2021