Canadian home prices could fall 40 per cent in major housing market correction: realtor
Canadian home prices could fall 40 per cent in major housing market correction: realtor
A British Columbia-based broker compares the current situation to the market conditions that led to the U.S. housing crash in 2008 By Carlito Pablo
Samuel Engelking
A realtor fears that the Canadian housing market is so overheated that it could burn the whole thing down.
Adam Major, managing broker with British Columbia-based Holywell Properties, says that what led to the U.S. housing crash in 2008 might be happening now in the country.
Major believes that the government “probably should have done something already.”