Housing market slowing rapidly amid interest rate hikes

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financialpost Not the narrative coming from any RE co.

financialpost File this under 'Huh, go figure.'

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Softer GTA housing market won’t make owning or renting any easier, CMHC saysCanada’s national housing agency says rising interest rates and inflation will slow climbing home prices — but it won’t stop them. The only hope for ever getting to some normalcy in RE as we had some decades ago (home cd be purchased for 2-3 yrly incomes) is a total collapse of the system that brought this to you. Capitalism, but not one 40yrs ago but Neo Liberal/globalized that replaced it USA is 1 culprit
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