Is the Greater Toronto Real Estate Market Going to Crash?

Consumer confidence is the key. The Real Estate Market has experienced unprecedented growth over the past decade and unless there are major economic upheavals we should not experience anything similar to the crash that we saw following the price run up in 1989.

Most likely, the Real Estate market will self-correct. Unless it’s a distress sale, most Sellers will opt to withdraw their home from the market rather than accept a significant price discount. Don’t panic!

 

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Donald Lum

Donald Lum

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
Contact Me