Posthaste: The way the housing market is stalling, the Bank of Canada may have to hit the brakes sooner than expected

The numbers are in and, as one economist puts it, April was the cruellest month for the housing market.

Aside from Calgary and Edmonton, home sales in other major Canadian markets have sunk below their pre-pandemic levels, says Capital Economics. “April proved to be the cruellest month for the housing market, with the recent jump in mortgage rates causing large falls in sales across the country,” wrote Capital’s senior Canada economist Stephen Brown.

financialpost Federal MP’s, Provincial MLA’s and bank execs are all real estate investors. They will not let their $millions go away easily.

financialpost Rents&real estate REMAIN unaffordable for too many millions.We've an indefensible situation:an essential need,housing,is,due to irresponsible gov'ts,now a luxury.Those who'd defend this are arguing for human rights abuse&serious degradation in quality of life for millions. **** u

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Posthaste: The way the housing market is stalling, the Bank of Canada may have to hit the brakes sooner than expectedICYMI: The way the housing market is stalling, the Bank of Canada may have to hit the brakes sooner than expected — via financialpost housingmarket mortgagerates financialpost if this ruins some real estate agents and brokers let's keep this trend going! financialpost They can't, unless the tail (Canada) has suddenly found a way to wag the dog(United States) financialpost Let it come crashing down .
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