Toronto Real Estate Market 50% Price Drop Coming: CMHC - Is This True?! What You Need to Know!

09/02/2021 49 min

Listen "Toronto Real Estate Market 50% Price Drop Coming: CMHC - Is This True?! What You Need to Know!"

Episode Synopsis

CMHC: Toronto Real Estate Market 50% Price Drop Coming - Is This True?! What You Need to Know!
The Canada Mortgage and Housing Corporation (CMHC) is predicting that the overall Real Estate Market will see a price drop by almost 50%. Will we really see this 50% price drop in the Toronto Real Estate Market?! But wait a minute... didn’t the CMHC also say that prices were going to drop by 18% last year in 2020?!
In this month's Prime Properties Podcast, I'll be pulling apart the CMHC Report to further investigate these bold predictions. In conjunction with reviewing the latest Toronto Real Estate Market stats that just came out, I'll be assessing how true the CMHC's predictions really are and if it lines up with the recent Toronto Real Estate Market data. This recent market data includes Toronto houses, Toronto Condos, and everything else under the sun.
PLUS, I'll be making these assessments under the lens of being in the field everyday in order to give you a very realistic lay of the land with regards to what's happening in the Toronto Real Estate Market right now. The market is hot.... like really HOT, but can CMHC’s bold 50% price drop prediction cool the market down? Are people going to listen and abide by the CMHC’s predictions in the Toronto Real Estate Market and shy away from buying properties? Be sure to tune into this very first Prime Properties Podcast of 2021, I promise you it'll be worth it!
#TorontoRealEstate #TorontoCondos #TorontoRealEstateMarket #TorontoHouses #CMHC
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