“I’ve always found the pull-ahead argument to be a little oversold,” says Phil Soper, president of real estate brokerage Royal LePage.
As a result, sales are expected to drop dramatically.
As of December 2021, the average selling price was up 19.6 per cent over the past year, according to CREA.
“The reality is, if you try to subsidize or help first-time buyers, all that does is keep a flame under demand.
Alexander and Soper both believe that the most effective way to stop a runaway housing market is to build a wall of new supply too thick for it to smash through.
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