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Will the housing market crash? Why home prices may stay hot – National

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This is the third installment of Priced Out, a three-part series looking at housing affordability challenges facing young people in Canada. Read part one: ‘Nowhere to go’: Canadian homebuyers without family help are running out of options. And part two: ‘Incredibly stressful:’ Why renting isn’t always a solution for those who can’t buy.

During the earlier stages of the COVID-19 pandemic in Canada, Anita Minh and her partner saw a possible silver lining.

“We thought maybe there is an opportunity to enter the (housing) market,” says Minh, a 31-year-old, Vancouver-based Ph.D. candidate at the University of British Columbia.

She calls homeownership “a dream” — and it’s one she says she’s been holding onto for a long time. After growing up in rental properties and moving around a lot — “we had very good landlords, but eventually, they would sell” — she says she associates owning a home with security and stability.

Click here for full article…globalnews.ca