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Will there be a crash in real estate prices in Toronto - Parkers Legacy

Will there be a crash in real estate prices in Toronto

That’s highly doubtful.Although we may see a small decline in activity during this time, we are still seeing many properties sell with multiple offers.Anytime there is a period of uncertainty, when it is over the real estate market always bounces back.

We saw it in 2017 with the fair housing initiative, and before that, we saw it during the SARS outbreak; we were the North American epicentre and the real estate market bounced right back as soon as everyone regained confidence and certainty in the future.The same will happen here, we may see a small decline in price for the time being as there are more people choosing to stay safe than purchase real estate.But, when this is over, and confidence is coming back to the market combined with the highly reduced interest rates that are available right now, we will probably see a surge in pricing.

Not a crash, but a big drop.

Not as bad as elsewhere, but still bad.