Amidst the current pandemic, Canadians are buzzing about a zero interest rate policy. Steve Saretsky speaks on why now is the best time for borrowers to lend money as interest rates are very likely to remain low for a long while. Read on to learn
Today, Steve Saretsky purports that due to the effects of COVID-19 on the Canadian real estate market, people have adopted a herd mentality. This is when people can be influenced by their peers to adopt certain behaviours on a largely emotional, rather than rational, basis.
Steve Saretsky has another look into the current status of the housing market, reflecting on sales activity, unemployment rate and inventory levels. He reflects on consumer behaviour as sellers have not been listing their homes, however, buyers are looking to buy outside of the city,
Today’s news by Steve Saretsky debates the basic idea that if you keep interest rates low, the housing market expands. However, what Saretsky has ascertained is that asset prices have inflated, enriching those fortunate enough to be in the ranks of homeownership. For those who
Today’s news by Steve Saretsky goes over a few details regarding the housing market, including the state of weekly sales, the number of listings, which has increased, and inventory for sale, indicative of a buyers market. Again, still hard to make predictions, but according to
The big question we are all posing in regards to the real estate market is when and how much will home prices fall. There are many predictions out there, most of them varying from one to another, that it is difficult to assess given our
Due to the conditions brought on by a global pandemic, there have been many Canadians who have lost their jobs. According to Stats Canada, 97% of Canadians who have lost their job believe it is only temporary and they will be re-hired. The way our
We are all wondering how the economy will repair after COVID-19. According to Steve Saretky, many businesses will not survive and in terms of the housing market, demand might remain impaired causing refinances and home equity lines of credit to be reigned in and foreclosures
