“Pandemic economics are proving to be very unusual. Many of the trends we are seeing are without precedent and significant uncertainty remains, but we are cautiously optimistic that this housing recovery will continue,” notes Ogmundson.
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CMHC projects trajectories for Toronto, Vancouver, Montreal real estate in new summer outlook
We feel it is paramount to take any projections with a grain of salt. As previously stated, we do not support the CMHC’s projections for real estate.
Continue reading →Realtors not buying CMHC’s ‘nightmare’ scenario
Federal housing agency forecasts sales will fall up to 29 per cent, home prices will drop 18 per cent and national housing starts could crater by 70 per cent this year. Industry experts beg to differ
Continue reading →Bidding war erupts for Vancouver heritage home during the pandemic
So many people wanted to see it they had to extend the viewings for two days. They received 14 offers, and the buzz in the real estate industry is that the house sold for $1.928 million, $340,000 above the asking price.
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