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Mortgage Broker News | 15 Feb 2017, 10:43 AM Agree 0
The Canadian Real Estate Association has released its first report of 2017, highlighting the challenges homebuyers are poised to face this year
  • Jackie Wong | 15 Feb 2017, 10:55 AM Agree 0
    I think it's important to note that the new mortgage rules have also made it difficult for potential sellers as well. Therefore hurting inventory
  • JSydneyH | 15 Feb 2017, 11:12 AM Agree 0
    We are now at the point in the price escalation cycle when prospective sellers hold off on listing their property because they believe they will get more next month for it. In many cases, they are probably right - while supply is constrained.

    The good news for them is that even if they hold off for a one or two, they will still be able to reap the benefits of the recent escalation in valuation.

    But greed will play a factor over the coming months.
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