Leftbank condos toronto. Canadian housing market or crash? Due to rising interest rates and anti-speculative policies, the fall in Canadian house prices is expected to begin this autumn and hit bottom in mid-2024, falling by 24 per cent as a whole.Please Visit: Leftbank condos toronto to Get Your VVIP Registration Today!
On the contrary, if these regulatory measures fail to effectively regulate market prices and house prices rise further, the real estate market may collapse by 40%, leading to a serious financial crisis.
Since the Bank of Canada announced the interest rate cut in 2020, the real estate market has exploded, and house prices have been gradually pushed to an extreme. If prices continue to rise, market regulation will collapse, and house prices are expected to plunge by 40%, triggering a financial crisis.
Although experts stress that this is unlikely to happen, even if the relevant regulatory policies are adopted to control the decline in house prices to 24%, it will still lead to a series of related effects.
At the same time, since house prices have risen by 50% since 2020, even if they fall sharply by 24% in the future, they will not fall back to the previous benchmark and are still expected to be 15% higher than before 2020.
Based on the ideal model of falling house prices and minimizing the impact of stagnation, the property market is expected to be oversupplied between 2025 and 2030, with an annual growth rate of less than 1 per cent for five years. As a result, buyers will be able to afford a house by mid-2028.