For homeowners the great, big, unanswered question is whether or not the Canadian real estate market will finally crash in 2017. Turns out, all reports and analysis lean towards a flattening out of property prices in most Canadian markets, with some areas of the country experiencing a decline in both sales activity and prices, as other areas continue to experience price gains, albeit at a much slower pace than we’ve seen in recent years.
(MoneySense) Our Canadian real estate market outlook for 2017 says a lot. Even a 20% drop in housing prices can’t eradicate the home nest egg.