3 ms·
"my guess is that property valuations are going to go down fairly steeply as well." Yes and how much depends on how much the gov props them up?
by _curious_ 7y ago
"my guess is that property valuations are going to go down fairly steeply as well." Yes and how much depends on how much the gov props them up?
- FillardMillmore 7y agoThat plus possibly the banks' actions: the availability of things like mortgage deferrals and extensions. Another thing to consider, which is a big unknown at this point, is what immigration policy will look like after the dust starts to settle. If it becomes more stringent than it was, that means less demand for housing in the future, and the valuations of property would likely reflect that.
- _-___________-_ 7y agoNot disagreeing at all, but note that the article is about commercial property, not housing.