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…
UNBIASED AND INDEPENDENT SINCE 2009 