Experts have been warning of a housing crash for more than five years, since the economy began recovering from the crisis. But each year, they’ve consistently been wrong.
In fact, reports moneysense.ca, in 2009 Gluskin Sheff & Associates warned of a 35% decrease in prices. Instead, home prices increased 4.9%. And just last year, BoC predicted a 30% drop, but prices went up 6%.
So if you try to play fortune teller, you’ll end up with clients that are fretting about the value of their properties. Instead, get clients to focus on paying down their mortgages.
Here are some articles to help.