Real Estate agents have done well going back 20 years of this real estate boom. Not just from low interest rates. For years organizations like TRREB and CREB have preached and demonstrated various data points in seeming credible sources of governing bodies. However, they cannot predict anything as much as you or I. Even the head of CMHC admitted after years of detailed press release sthatbwere awaited by many news journalists to fill in their assignments for that day that they were not meant to be he crystal ball of the industry after a monumental bad outlook.
After years of preaching the fear of "get in the market before the market leaves you behind", now prices are at a plateau and to a Real Estate agent the answer is "ot makes sense". Always a positive answer for no matter what situation.
Supply: agents keep quoting "lack of supply" as the excuse for high prices. Everyone calls for it but it is not easy to roll out 50,000 homes that would put the market in balance or in a more affordable range. And with agents' commissions based on price, AGENTS WANT HIGH HOUSING PRICES, AGENTS DO NOT WANT EXTRA SUPPLY.
No comments:
Post a Comment