Image by Cornelia Schneider-Frank from Pixabay
Renewing demand after such a large pull forward would require a substantial injection of capital into the market. It can’t be discounted, especially since the federal government outright said a price drop is unacceptable. However, right now the market is looking towards a much needed cooling. Earlier this month, BMO also said they believe the market “bubble is cresting” (peaking), and separately cited the SNLR as a primary reason the market is past peak momentum.
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