You might want a housing market crash (or ‘correction’ if the word ‘crash’ is too strong), but that’s likely because you want to buy a house.
It’s not hard to believe that the majority of Canadians don’t long for a housing market correction, especially those who own property.
It feels good when your equity rises right? What’s not to like?
The Financial Post looks at these feelings, and whether they are sensible or not.
They split home-owers into three categories: First time buyers, young owners with growing families and older owners thinking about downsizing.
They say the first two groups would actually benefit from a crash.
If you’re wondering why most homeowners should be begging for a housing market crash read the article here and let us know if you agree with their reasoning.