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.”



https://www.youtube.com/watch?v=PN1KQQ03xMU&feature=youtu.be



#cmhc #forcast #vancouverrealestate #canadarealestate



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