We continue to believe that Canadian real estate prices have reached the top of the cycle as we have cautioned in various articles,
We have seen a continuous uptread since 2001, which is unlikely to last. Buyers should be very cautious at this stage, particularly with investment properties.
Macleans published a great article on this very topic recently, which is well worth reading, see
Canadian Business magazine have also published a story in their most recent issue and it too reflects concerns about the Canadian real estate market. For example, George Athanassakos, a finance professor at the Richard Ivey School of Business, expects a “severe correction,” and soon. Read the article, click here