Description: Prices in red-hot Canadian housing markets could be at risk of a “significant” correction amid extreme valuation and policy uncertainty heading into the new year, according to one of the country’s best known mortgage experts.
Source: BNNBloomberg.ca – video report
Date: Nov 25, 2021
Questions for discussion:
- What is helping to inflate real estate prices?
- What are the warnings in this report?
- How will a decline in real estate prices affect banks and other stocks?
- What would you advise investors do to mitigate risk at this time?