Oof, I might have had an answer for you before this. But now that the government is actively trying to crash the market? It's a major crap-shoot right now no matter what.

I have not been watching the current market very closely, because I wasn't planning to sell. From what I had seen, the market had not been impacted much because it hasn't been long enough. But I HAVE been expecting it to dip in the fall, and a small panic crash at bare minimum this winter.

• People start thinking about buying a house as much as a year in advance.
• it can take a few months to get approved.
• The smart ones can spend a full year looking before buying.

So right now buyers are using loans they were approved for before the plandemic even started. The people who did not get approved because of the plandemic, or backed out and decided to wait on buying, have not been out of the system long enough to have actually impacted it yet. Hence why I expect fall numbers to be a little iffy.

The actual econnomic impact of the plandemic has not really hit yet. It will take well into next year to see the full scope, and that's if the panic stops right now.

With this news several things could happen this week:

• A LOT of people might try and panic sell before this can go into effect, which might trigger a crash all on it's own. People are going to want to sell out for whatever they can, and be a little less concerned with listing high and waiting for offers. Increasing supply.
• People might put their plans to purchase on hold until they know for sure. Reducing demand.
• BANKS might start warning people about it now, scaring them off. More demand reduction.
• Banks might cut way back on any loans they were going to approve, when they have already tightened up loans because of economic insecurity risks. So even more reduction of demand.
• People might expect the above, and try to buy in thinking now is a good time to get a deal on a house they do not plan to sell.

Any or all of these things could happen this coming week. And maybe the impact won't even be visible for a month.

Historically, waiting to sell later has nearly always been a better idea. But historically, the Canadian government has not so brazenly tried to crash the market and completely destroy house flipping as a means of income.

House flipping is not some vile evil to be squashed, it is a vital service to society. People buy run down homes, and fix them up to resell. This is recycling of the highest order and keeps the actual quality of housing at 'western society levels' instead of 'ghetto third world levels.' I did not expect such a drastic communist attack on a cornerstone of the housing sector, so I cannot with any confidence say what is going to happen to the market.

This could even be hot air and fall flat without happening, but the Libs have been pretty good about actually implementing whatever crazy BS they dream up without any real push back on them at all. I have more hope of it being reversed at some point in the future than I have of it actually being quashed.

Oof, I might have had an answer for you before this. But now that the government is actively trying to crash the market? It's a major crap-shoot right now no matter what.

I have not been watching the current market very closely, because I wasn't planning to sell. From what I had seen, the market had not been impacted much because it hasn't been long enough. But I HAVE been expecting it to dip in the fall, and a small panic crash at bare minimum this winter.

• People start thinking about buying a house as much as a year in advance.
• it can take a few months to get approved.
• The smart ones can spend a full year looking before buying.

So right now buyers are using loans they were approved for before the plandemic even started. The people who did not get approved because of the plandemic, or backed out and decided to wait on buying, have not been out of the system long enough to have actually impacted it yet. Hence why I expect fall numbers to be a little iffy.

The actual econnomic impact of the plandemic has not really hit yet. It will take well into next year to see the full scope, and that's if they panic stops right now.

With this news several things could happen this week:

• A LOT of people might try and panic sell before this can go into effect, which might trigger a crash all on it's own. People are going to want to sell out for whatever they can, and be a little less concerned with listing high and waiting for offers. Increasing supply.
• People might put their plans to purchase on hold until they know for sure. Reducing demand.
• BANKS might start warning people about it now, scaring them off. More demand reduction.
• Banks might cut way back on any loans they were going to approve, when they have already tightened up loans because of economic insecurity risks. So even more reduction of demand.
• People might expect the above, and try to buy in thinking now is a good time to get a deal on a house they do not plan to sell.

Any or all of these things could happen this coming week. And maybe the impact won't even be visible for a month.

Historically, waiting to sell later has nearly always been a better idea. But historically, the Canadian government has not so brazenly tried to crash the market and completely destroy house flipping as a means of income.

House flipping is not some vile evil to be squashed, it is a vital service to society. People buy run down homes, and fix them up to resell. This is recycling of the highest order and keeps the actual quality of housing at 'western society levels' instead of 'ghetto third world levels.' I did not expect such a drastic communist attack on a cornerstone of the housing sector, so I cannot with any confidence say what is going to happen to the market.

This could even be hot air and fall flat without happening, but the Libs have been pretty good about actually implementing whatever crazy BS they dream up without any real push back on them at all. I have more hope of it being reversed at some point in the future than I have of it actually being quashed.