Earlier this year, CMHC (The Canadian Mortgage & Housing Commission) predicted a 9% to 18% drop in home prices is coming, but 15 Economists have said they don’t believe it! Finder.com surveyed them and most think the low interest rates will be around until at least 2023 and half felt like CMHC’s prediction that Canadian house prices will drop to 18% this recession is “no longer relevant.” The Central 1 Chief economist brought up that prices are “actually on the rise” and that low mortgage rates will mean prices will continue to go up.
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