GREY:XEBEQ - Post by User
Comment by
ferret_caon Jul 14, 2022 6:37pm
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Post# 34825520
RE:RE:RE:RE:Stop quibbling back and forth
RE:RE:RE:RE:Stop quibbling back and fortha few might but the average homeowner has a heck of a lot of equity in their homes, prices would have to drop 30-50% to have any effect on most people who live in their homes and even then if you are staying put the value of the home. the average canadian homeowner has 73% equity in their home, that is a far cry from the situation in the usa.
plus supply demand is still in the homeowners favor, we have a shortage of housing plain and simple. I do think the average house price will drop about 10% in the next 6 months or so and then start to rebound a bit or stabalize once rates top out and inflation recedesm which could be sooner than later the way commodity prices are tanking.
cheers ferret