Cooler housing market in May
The Globe and Mail reported that CMHC has reported that housing starts dropped in May compared with April. This isn’t something to fear… I think we want a cooling off period to avoid falling into the housing bubble trap.
A housing bubble would mean that house prices would fall dramatically… no one wants that… but if we see a price levelling or modest price drop of 10% of so, this isn’t going to kill the market…
Watch for a cooler summer (house market that is) and a warm fall market…
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Steve Garganis View All
As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.
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