Canadian Housing Mania Is Reversing Its Unsustainable Spike: RBC
Canada’s largest bank thinks the real estate mania might be coming to an end, as conditions loosen. The market is still very tight, according to RBC senior economist Robert Hogue. However, buyer demand is falling much faster than new inventory. April reported the third consecutive month where buyers dropped out of the market faster than sellers. If this continues much longer, it’s going to take the steam out of the market very quickly.
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
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Link to Original Article: https://betterdwelling.com/canadian-housing-mania-is-reversing-its-unsustainable-spike-rbc/