CIBC Deputy Chief Economist Warns that Housing Market Slowdown is Coming

Author: External Author | Categories: Commercial Mortgage , Mortgage Agent , Mortgage Services , New to Canada Mortgage , Renovation Mortgage , Reverse Mortgage , Second Home Mortgage

While confidence in the Canadian housing market continues to grow, at least one Canadian economist is warning that a market slowdown is coming.

A new survey from Nanos Research Group suggests confidence in Canada’s housing market is booming, with some 45% of respondents saying they believe the value of real estate in their neighbourhood will increase over the next six months, the highest reading since mid-March when mass nation-wide shutdowns were implemented to help control the coronavirus outbreak.

Original Article Source Credits:    Toronto Storeys , https://torontostoreys.com/

Article Written By:  Toronto Storeys

Original Article Posted on:  November 2, 2020

Link to Original Article:  https://torontostoreys.com/canadian-housing-market-slowdown-benjamin-tal-cibc/

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