A new book by financial adviser and author Hilliard MacBeth says that Canadian home prices are about to fall by nearly 50 per cent, leading to the biggest housing crash the country has ever seen – but its author says 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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