Canadian real estate

[Erik Ped]

Anyone think Canada is in for a major correction? Any thoughts welcome...

[Ryan Westcott]

I think we are all hedging out bets one way or another right now.  With the appreciation the market has had, it would appear ready for a correction.  However I take comfort knowing rental vacancy rates across the country are at historic lows and inventory remains incredibly low, while immigration remains strong.  Prices of some construction materials have doubled and tripled, so the cost of new construction will be increasing as well, and the governments printing of so much money during Covid can only drive inflation up.  So I am still buying!