More Canadians than ever before are expecting home prices to keep climbing
A record share of Canadians expect home prices will continue hitting new highs, an exuberance that adds to concern the housing market is entering a speculative bubble.
Six in 10 Canadians believe the value of real estate in their neighbourhood will increase over the next six months, according to the latest weekly survey by Nanos Research Group for Bloomberg News. It’s the first time such readings have surpassed 60 per cent since polling began in 2008, underscoring how the rally in home prices is beginning to feed expectations of future high returns.
Original Article Source Credits: Calgary Herald , https://calgaryherald.com/
Article Written By: Shelly Hagan and Erik Hertzberg
Original Article Posted on: March 22, 2021