Can a bubble crash? Vancouver and Toronto have been especially open to suspicions that our high-flying real estate markets were in for a Hindenberg-sized disaster. But experts of various stripes have been predicting a soft landing for Canada’s sky-high real estate market since the end of 2011 — maybe up to a 15 per cent decline in house prices.
Yesterday, Capital Economics (an economic research firm), flat-out predicted a 25 per cent crash in house prices and said that the “stagnation” we’re experiencing right now is simply a stand-off, where buyers won’t lower their prices because “Bob down the street got XX thousand more for his place last month
Here’s what people are saying on social media about the most dire prediction so far for the Canadian real estate market.
