Hey there just looking to see what everyone thinks is going to happen to the market for the coming year.I have spoken with some people that think were looking at 10% decrease in prices as the market is on a downward trend in sales.I have a rental property that is heavy mortgage if the market does drop 10% percent that puts me in a negative just want to know what your opinion should I sell now or hang on.
Vancouver real estate market
- Thread starter maximus
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When I bought my place 13 years ago the "experts" were already predicting a crash.
Year after year they claim "oh this year for sure"
Maybe someday prices will drop, and these clowns that predict it every year, will smugly think they were right. What's the saying? A broken clock is right twice a day?
Year after year they claim "oh this year for sure"
Maybe someday prices will drop, and these clowns that predict it every year, will smugly think they were right. What's the saying? A broken clock is right twice a day?
You don't need to worry...., yet. Next year, when the Bank of Canada is widely anticipated to raise interest rate, you might see some big impact. If you are locked into a good rate for a while, you should be ok as long as you can keep the property occupied/rented.
