CanadianCapitalist· Premium Member
Real estate is very local. I live in Ottawa and I wouldn't even venture to guess which way prices will go. Prices dropped a bit late last year and early this year but reports indicate they are up again. Who knows what the future will bring? Your guess is as good as mine.Just wondering what some of you out there are wondering in regards to our RE market.
Personally...I think at best we can hope for a plateau in valuations....but probably a 'correction' is in the future.
Gov't is in a rough spot...I think they want to raise rates a bit to slow the RE market (definitely don't want a crash like the states), but increasing rates will slow the economic recovery...