Buying in a Seller's Market_ Here's 5 tips.

  • Best case scenario forecast shows Canada’s aggregate home price could grow a modest 1% by the end of 2020
  • If the pandemic continues to heavily restrict business activity through late summer, a national home price decrease of 3% is expected by the end of 2020
  • The aggregate price of a home in Canada climbed 4.4 per cent year-over-year in Q1 2020
  • High demand and low inventory in Toronto, Montreal and Ottawa fueled rising home prices

A recent survey by the Canadian Association of Accredited Mortgage Professionals says homeowners are happy with the decision to buy their home; they consider mortgage debt to be “good debt.” Their attitudes are the same whether living in Toronto, Calgary, Vancouver where prices continue to rise, or in areas where home prices are stabilizing.