We’ve recently seen several national news headlines talking about how Canada’s housing market is declining and home sales and prices are dropping.
So should you be worried? What does this really mean for you?
This month, we are going to dig into the news headlines and share what you really need to know about the current market conditions.
Here are some National Headlines from the past week:
- A Global News article stated that “Canadian home prices were down 23% in July from February peak”
- The Financial Post had a headline that said “Bottom still a ways off for Canada's housing market”
- CTV News posted that “Canadians cope with a correcting housing market”.
If you were to rely on these national headlines alone for market information, you would likely conclude that market conditions all over Canada are declining rapidly. But you need to keep in mind that all of these headlines are based on National averages, not data specific to Saskatoon...