Leftbank condos address . It is estimated that house prices will fall by 40%. A report released by Fitch Ratings, a world-renowned credit rating agency, pointed out that houses in the GTA area are overvalued by an average of 32%.Please Visit: Leftbank condos address to Get Your VVIP Registration Today!
Although the average price of all kinds of houses exceeds one million yuan, the house is not worth so much. If the bubble is blown away, in fact, the average price should be only about 780000 yuan at most.
It seems that the rating agency has been polite. A real estate agent in Vancouver said surprisingly that the Canadian housing market is very much like the time before the collapse of the United States, and if his forecast is correct, it is estimated that house prices will fall by 40% in the future.
The real estate agent, Adam Major, is not only the manager of Holywell Properties, a provincial real estate company, but also the chief executive of Zealty.ca, the company’s real estate tracking website, NOW reported on Monday.
Major recently said that the situation that led to the collapse of the US housing market in 2008 may now be happening in Canada, calling on the government and authorities: “now is the time to take some action.”
As we all know, the collapse of the US housing market at that time was mainly caused by the so-called subprime crisis. The real estate agent pointed out that to put it bluntly, the so-called sub-crisis is to help borrowers qualify for loans, and banks and financial institutions offer them very low “seductive interest rates.”