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How A Mortgage Broker Can Help People Navigate The Real Estate Market

Mortgage debt in Canada is soaring. That's no reason to panic

Mortgage debt in Canada is soaring. That's no reason to panic
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Here's why the state of mortgage lending isn't precarious despite fear mongering about housing markets

Article content Housing markets in Canada have defied all predictions of doom and gloom since the onset of the pandemic. Those with a bearish housing market outlook keep pushing the timing of an imminent collapse forward, but their dismal forecasts to date have not materialized. That raises a question of just when will the housing “bubble” pop? Will it be this year, the next or sometime later? A related question is what would bring about such a reversal in the housing market? Would it be a regulatory change or a market reaction to quickly accelerating housing prices? Another possibility is that an economic downturn in the future brings all markets, including housing, down.

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