What Housing Crash? Home Prices Soar to Record Levels of Over $600,000
The Canada Mortgage and Housing Corporation (CMHC) and several credit agencies consider Canada’s housing market to be very fragile. However, there is a distinct lack of faith in CMHC when you consider the overall consumer sentiment. And the positive consumer sentiment seems to be showing results.
There have been fears of a major housing market crash for several years. However, developments in the sector with passing time cast shadows of doubt on such predictions.
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Adam Othman
Original Article Posted on: February 22, 2021
Link to Original Article: https://www.fool.ca/2021/02/22/what-housing-crash-home-prices-soar-to-record-levels-of-over-600000/