Posthaste: Could the worst be over for Canada's biggest housing market?

📆 08/11/2022 18:08:00
📰 financialpost

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Regional real estate reports show Canada\u0027s housing markets continue to deflate under the weight of rising interest rates. Find out more

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Sales in most markets are now well below pre-pandemic levels and prices continue to slide. Still RBC economist Robert Hogue noticed “interesting nuances” in some of last week’s reports. Torontonians might take some comfort in this. Since the March peak in this market, prices have now fallen 18 per cent or $237,000, wiping out almost half of the pandemic gains.

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Posthaste: Could the worst be over for Canada's biggest housing market?Regional real estate reports show Canada\u0027s housing markets continue to deflate under the weight of rising interest rates. Find out more When you plan on bringing 500k immigrants a years to canada with the vast majority end up in Toronto or Vancouver the housing markets won't be cooling.
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