Despite the many increases in mortgage rates, there would still be no price drops in the real estate market.
This is what mortgage broker Stéphane Bruyère says in an interview on the program “À vos affaires”.
“There is not really a drop in prices,” he explains. I’m still quite surprised at how resilient the market is still at the moment.”
With prices already high, less expensive homes are always in demand.
“Yes there are more registrations, we see it, he continues. There are fewer sales, but everyone qualifies for the same deal. We are not able to buy houses for $800,000, $1M or $1.2M.”
Watch the full explanation in the video above.
