Canada housing bubble is expanding from east to west and not just in large urban centres


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It’s a war out there. No, we’re not talking the war against COVID-19, although that’s certainly a battle we need to win. We’re talking bidding wars. Potential homebuyers are pitting sellers one against the other, raising house prices to exorbitant heights. Multiple bids result in higher-than-asking, subject-free offers. Despite some attempts by the government to slow down the frenzy, real estate is still going through the roof, but the opinions as to where it will go from here are varied. Knowing how real estate works can help.

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