Don’t worry about a housing crash

February 6, 2015 | Last updated on February 6, 2015
1 min read

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%.

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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.

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