@ShaziGoalie Depends on the area.
Obviously deatched properties in suburb area will be impacted. Look at Thornhill wood/Vaughan. There are still properties selling way above listing price..
I'm waiting for crash as well but I guess I still need to wait a bit more.
@ShaziGoalie I'm seeing a lot of properties that sells above asking and close to covid peak prices in Vaughan. so shocked. People are either dumb or too rich to care about crash.
@Tablesalt13 People say the housing market will never collapse and will only go up. I tried to tell them what happened in 2008, and they say it's different this time. Housing prices will only go up, lol. What do you guys think?
@AbeSimp12856621 @geoeconomic10 Thanks Abe, still quite new with all this, dumb questions for you.. how is that going to impact mortgage rates and housing market?
@MatBabiak@ShaziGoalie Not yet, there are still a lot of people whos still on low interest rate that is going to renew soon. I’m sure a lot of them won’t be able to afford the new interest rate.