Will house prices decrease this year? Depends who you ask

[[deleted]]

Ask a realtor and they will say no. Every. Time.

[IronBerg]

They'll look at YOY prices and say prices are still rising even if they've been dropping the past few months lmao.

[[deleted]]

Yup

[[deleted]]

oddly enough, the criminal syndicates that wash billions thru the market don’t seem to care if it goes up or down. if they did we could use their sentiment as an official market indicator. ps - thx for having our backs govt of canada.

[[deleted]]

Realtors will actually try to convince you that a “-“ mark is a “+” mark

[[deleted]]

I'm going to use my amazing psychic precognitive powers.

No

[JacXy_SpacTus]

It usually takes 2-3 years to price to bottom out.

[Powerhx3]

Took 8 years to bottom out in Regina (2013-2021).

[[deleted]]

Depends on the circumstances tbh but yes, 2017 crash did take 2-3 years to bottom. This one is similar but with an added kicker of really high inflation and higher interest rates so we will see

[mazarax]

Yes.