Price Trends Suggest a Correction in Vancouver
There’s no shortage of predictions for Canadian real estate prices nor is there a shortage of opinions on how financial markets function. But predicting markets correctly is an almost impossible task, as famed economist John Maynard Keynes once said “The market can stay irrational longer than you can stay solvent.” But let’s dive in anyways. The latest from Macquarie Research group, a leading provider of financial, advisory, investment and funds management services believes that a 25% correction in the Canadian National home price index would bring it back to trend.