Canada Poised For Biggest Housing Crash in History

Posted by Canadian Real Estate Wealth

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Canadian home prices are about to fall by nearly 50 per cent, leading to the biggest housing crash the country has ever seen – but this could present an opportunity for well-financed investors.

“Investors who own properties with substantial equity can hang on without any trouble and they will see a new supply of renters who will be looking to rent after being burned as owners,” MacBeth, a portfolio manager at Richardson GMP in Edmonton told CREW.

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