Monday 25 May 2020

What CMHC said about our upcoming Real Estate Market?

What CMHC said about our upcoming Real Estate Market?

CIBC economists say the housing market faces challenges in the coming 12 to 18 months, particularly once the mortgage deferral periods run out.

“Forced sales will add to supply, and probably outweigh the offsetting impact of reduced supply of new units,” they wrote.”In the coming few quarters, housing activity will dance to the volatile tune of economic activity. During that period, we expect continued reduced levels of activity, and an unreliable and volatile price mechanism.”

#cmhc #forcast #vancouverrealestate #canadarealestate


Best Regards,

Lotus Yuen Personal Real Estate Corporation

阮文傑  B.Sc Top 3% REALTOR®  2019 and Top 10% REALTOR® 2015-2018 in Real Estate Board of Greater Vancouver

REALTOR®  & Licensed Property Manager


Office : (604) 370-2111

Cell: 778-862-8321     


Richmond Office - 3631 No 3 Rd #290, Richmond, BC V6X 2B9

Burnaby Office - #1 5050 Kingsway Burnaby BC V5H 4C2 Canada

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