Is The Real Estate Crash Coming?

The Crash Of 2013
The Crash Of 2012
The Crash Of 2010
The Crash Of 2008

This is the topic of endless debate; however, if you listen to the media, we have already been through real estate "CRASHES' in 2008, 2010, 2012, and 2013! Take a look at these front page headlines from some of Canada's most trusted news sources! Click the above links to check them out. 

As most of us have realized, the market has certainly slowed down recently. Why you may ask? Opinions will vary, of course, but I believe it's a matter of supply versus demand. 

The number of new listings have increased every month since April. Historically the numbers will continue to increase as we head into the summer months. This increased supply will naturally cool the market.

I would encourage everyone to check out the CREA (Canadian Real Estate Association) website HERE. It has some fantastic information and statistics that if you begin to pay attention to, help make sense of our current real estate market. Of course, you could just get your real estate market updates from the magazine covers I referenced above, but it may instill some unnecessary panic!