Experts say housing market is heading for 'pain', so what can buyers and sellers expect in this environment?

Falling house prices have led to more uncertainty for anyone hoping to make a move

For Ron Butler, a mortgage broker at Butler Mortgage, Brown’s report “undershoots how bad it’s gonna get.”Article content

“When people start to investigate buying a home, they do some research, and they quickly find out that the prices are now falling. So no one wants to buy a house, if they think they can wait, it’ll be $100,000 less than a few months.”Article contentWhat about investment properties? Whether investors are going to see profits if they are selling now entirely depends on the area where they purchased.Article content

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

OttawaCitizen /  🏆 21. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Experts say housing market is heading for 'pain', so what can buyers and sellers expect in this environment?Falling house prices have led to more uncertainty for anyone hoping to make a move
Read more »

Experts say housing market is heading for 'pain', so what can buyers and sellers expect in this environment?Falling house prices have led to more uncertainty for anyone hoping to make a move
Read more »

​Toronto home sales sink 41% in June as rates sideline more buyers - BNN BloombergThe GTA housing market took another hit in June as more buyers took a wait-and-see approach amid rising borrowing rates. Story by: m_zadikian
Read more »

​Toronto June home sales sink 41% as rates sideline more buyers - BNN BloombergThe GTA housing market took another hit in June as more buyers took a wait-and-see approach amid rising borrowing rates. Story by: m_zadikian
Read more »

Posthaste: 'Forever renters:' Nine million Canadians have given up on homeownership'Forever renters:' Nine million Canadians have given up on homeownership — via financialpost homeownership renters firsttimehomebuyers
Read more »

Posthaste: 'Forever renters:' Nine million Canadians have given up on homeownership'Forever renters:' Nine million Canadians have given up on homeownership — via financialpost homeownership renters firsttimehomebuyers
Read more »