In the spring of 2021 CMHC predicted a crash in the Canadian real estate market would happen. All of the sudden those that have been predicting a Canadian housing market crash or that the Canadian real estate bubble would pop were almost cheering on this prediction. Of course, one year later we know that the Canadian real estate market didn’t crash and that home prices in Canada have skyrocketed while sales in the Canadian real estate market have broken all-time records.
On this episode of Bald Prairie Real Estate, we are taking a one year look back at CMHC’s prediction of a Canadian real estate market crash.
#BaldPrairieRealEstate #CMHC #CanadianRealEstateMarketCrash
[1:15] Another Terrible Joke
[1:27] How CMHC got it so wrong
[3:37] What actually happened
[5:11] CMHC’s 2021 prediction
[5:54] Wrap Up
First-Time Home Buyers Guide: https://youtu.be/-8Mnwhc6GsM
Canadian Real Estate Market Update: https://youtube.com/playlist?list=PLJIsqXO9b_ojeDVbwhhiZVxJl0MGqOe2D
First-Time Home Buyer Mistakes: https://youtu.be/FU07bO7__4w
What to Look for When Buying a House: https://youtu.be/BRgtE1vS3_I
My name is Matthew Pfeifer and this is Bald Prairie Real estate. I am a realtor in Regina Saskatchewan working for Royal LePage Regina Realty. In nearly 10 years working as a real estate agent I have seen both ups and downs in the market. But there is no real estate market that you cannot buy or sell a house in. Often the media tries to present a Canadian real estate market or they talk about the real estate market in Canada as if there is a national market. The real estate market in Canada is very regionalized. Being from Regina I focus on the Regina real estate market. Bald Prairie real estate is about educating you about Canadian real estate. I cover first-time home buyer topics, tips for selling your home, how to buy a house in Canada and monthly Canadian real estate market updates.
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Royal LePage Regina Realty