Quote:
Originally Posted by nik-
These values seem like a mirage. Even value estimator sites are all over the map. HonestDoor seems the most "optimistic". It's showing me just under 10% growth in a year. There's no way my house sells for what they value it at. I don't think every area will pull back, but this can't be sustainable.
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The prices will sustain as long as Canada's population continues to grow at its current rate, and the government takes no steps towards proper city planning or urban expansion, beyond appeasing existing home owners.