A recession is likely and Canada is too indebted to splash on government bailouts this time.
All in Rates
Property Market Recovery? Or A "Pause" In The Correction?
With so many market headwinds, the risk that this is a pause in the correction is higher.
Moody's Expects Housing Downturn to Continue
Canada's housing market is in a period of declining house prices due do painfully low affordability. According to Moody’s Analytics, Canada is only halfway through the housing correction.
How soon will lower mortgage rates boost housing demand?
Lower interest rates can make it easier for people to buy a home.
Is consumer confidence a good predictor of economic performance?
Consumer confidence is a valuable tool for predicting economic growth but a poor predictor of home values.
Will Canadian house prices go down in 2023
As we look towards 2023, it is vital for Canadians to be aware of the potential risks in real estate and to take steps to protect themselves and their investments.
Why are home prices in Hamilton falling?
We've seen a lot of changes in the Hamilton housing market over the last few years. The impact of the pandemic-induced low interest rates pushed demand through the roof. Now, a near tripling of mortgage rates has contributed to falling home prices.
Why is the Toronto property market dropping so quickly?
The combination of higher borrowing costs, economic uncertainty, rising supply of active listings, and government policies aimed at cooling the housing market have all contributed to the rapid drop in property values in Toronto. However, it's important to keep in mind that the real estate market is complex and that the impact of these factors can vary from area to area.