Who in the right mind would buy a residential property right now?
Unless it is for own use and the timing is such that you need it now.
Those in banking would know, the TDSR has a far reaching impact on affordability.
It also affects re-financing. In short, the tap is turned off even for many people who CAN afford to pay and with excellent payment record and a relatively high net worth.
Chance of residential property price falling further over the next year or so : 99%
Chance of appreciation : 1%
Unless it is for own use and the timing is such that you need it now.
Those in banking would know, the TDSR has a far reaching impact on affordability.
It also affects re-financing. In short, the tap is turned off even for many people who CAN afford to pay and with excellent payment record and a relatively high net worth.
Chance of residential property price falling further over the next year or so : 99%
Chance of appreciation : 1%