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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