|
Favorable government policy. US immigration are 2x 3x stricter than Canada. These foreign "investors" will keep bidding the price up until it is fair for them. Take away the favorable policies and the bidders will disappear. Thats when price correction can happen.
Easier said than done though. So dont sit there hoping and calling for a crash. There is no such thing as price is "too high" it can't go up any more. Market determines the price and if these guys are sweeping up RE 20, 30% over ask and by cash then there's still lots of room to go up.
|