, stating that"the economic landscape is rapidly becoming less hospitable for Canada’s housing market" due to unstoppable inflation and rising interest rates.
This would mean a 42 per cent fall from record-high activity levels and the biggest drop of any of the last four market downturns.
TorMrktBubble Airbnb collapse too - most likely ;-)
TorMrktBubble You don’t need to be an expert.Bubble was crystal clear.
Will be interesting to see. I think it's more the burbs that will get hammered.
🤞we're all hoping but never happened
Everyone saying 'no way with immigrantion' should realize when unemployment rises the government can't increase immigration.
Those who bought at the peak are suffering
Not with Canada's insane immigration levels. 500,000 per year. New demand far outweighs new permits. Handout to the Organized Criminals who own most Canadian RE Developers. Population Replacement 🤡🤡🤡🤡🤡
Sea shells are on the rise, y’all! 🐚
Fingers crossed for 2008 US downfall
Lol yeah right they been saying that for 20 years.. goes down like 10% then up up up - 1 place people immigrate to
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Condo rents reach new record high in Toronto despite weakening housing marketAs the housing market continues to show signs of weakening, the cost of rent in Toronto is on the rise. And no one wants to rent to people in the GTA. Our landlord sold, we've been looking since March and no one wants to work with us despite having the money. So now I have to take my disabled fiancee, my 10 year old a 6 month into a hotel because we have no where to live Duh because they are all choosing to rent them out for $4000 month instead of selling when the market is lower taking advantage of renters who can't afford to enter the housing market Supply and demand; and increase costs due to inflation.
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Posthaste: Canada's housing market headed for 'historic correction,' says RBCICYMI: Canada's housing market headed for 'historic correction,' says RBC via financialpost Canada housingmarket financialpost nah...land is king it never dies. it is better than gold, always has been. with countries that space is an issue, here we have lots of it and foreign buyers will come back and pay big bucks for these homes. I can wait! no worries for me.
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Rising interest rates expected to lead to Victoria housing market correctionVictoria's housing market is expected to make a course correction, according to a new Royal Bank of Canada report. The only way this place will ever be anything close to normal is with way more condos
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As food inflation hits 8.8 per cent, experts expect market volatility, continued high prices in fallConservative MP John Barlow says we're in a 'perfect storm' for higher food prices, given skyrocketing costs for fuel, fertilizer, and seed, combined with the ongoing conflict in Ukraine.
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