Would you take the leap to buy a house amid a trade war?
For some, experts suggest that the current market offers opportunities for someone looking to move up their buying plans and lock in right away — but they say it’s important to gauge the risk versus the rewards.
“If you go back over the last 40 years, there are very rare situations where home prices aren’t rising in our major cities in this country,” said Phil Soper, CEO of Royal LePage.
“We’re in one now, but how long it lasts is anybody’s guess.”
A recent report by the Royal Bank of Canada said Canada’s housing market is “cracking” under the weight of U.S. President Donald Trump’s trade war, with housing resales down in markets across the country.
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Home sale figures from March appear to back this up.
According to the Canadian Real Estate Association (CREA), the sale …