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Is Canada in a housing bubble?

March 22, 2021

We have a lot of clients calling in and wondering if we are currently in a housing market and what this means for them.

 

The fundamentals of why the market is exploding is not making sense, as it is being brought on by low interest rates. Since rates have gone up in the last few weeks, a lot of people still have pre-approvals in hand with low rates such as 1.5%. This is putting pressure on these people to find and close on a new house while they can still take advantage of the lower pre-approved rate. 

 

If you’re looking to buy a home as your primary residence then this housing market shouldn’t be stressing you out. The home you buy will be a roof over your family’s head and at the end of the day, you cant be worrying about tiny market changes. 

 

 

If you have more questions, or are looking at buying and selling this year, get the Monsters on your side:

🌐 MonsterMortgage.ca

📞 416.480.0234

📩 ask@monstermortgage.ca

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