Canada's booming housing market showed small signs of cooling down in April
The pandemic may have been our focus for the past year and a half, but for anyone in Canada considering entering the housing market, there’s been another crisis brewing. In the first quarter of 2021, the cost of a single-family home in Canada rose 14.1 per cent year-over-year, this following a year of already unprecedented demand for homes, and month after month of record-setting sales and price appreciation. Will this housing bubble ever burst? Not likely in the near future, but there has been a glimmer of hope recently that the market is slowing down. That’s not to say that prices aren’t still on an upward swing, and for those of you still considering real estate as an investment, it’s not too late.
Original Article Source Credits: Financial Post , https://financialpost.com/
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Original Article Posted on: May 30, 2021