Return of skyrocketing home prices “a real threat” in housing markets

Canada’s largest real estate markets are “catching their breath” from the frantic price rises seen over the past few years – but those crazy days could easily return, according to a report issued in media. A combination of a strong economy and the new US-Canada-Mexico trade agreement could increase housing demand across the country over the next couple of years. If this is combined with a lack of focus on housing supply issues, prompted by the current softer market, this could result in another overheating of the country’s major housing markets, according to the report. Positive economic fundamentals, supported by a new agreement on trade, should bolster consumer confidence across Canada and stoke demand in the nation’s real estate market.