This Week’s Top Stories: Canada’s Big Banks Warn A Real Estate Shock & Hard Landing Are Coming
Canada’s large banks warn an “enormous” shock to real estate is coming, and a hard landing will start as early as this year.
Canadian Real Estate Fueled By Pre-Approvals, “Enormous” Shock Coming: BMO
Canadian real estate will see a second shock as mortgage pre-approvals secured at much lower rates fade, according to BMO.
Canada’s Worst Performing Real Estate Markets Are Toronto and Its ‘Burbs: BMO
Canada’s best performing real estate markets during the boom were in Southern Ontario, and now they’re the worst performing.
Canadian Real Estate Prices Are Back To November 2021, Down Over $100k Since Peak
Canadian real estate prices are now back to the lowest level since November 2021, with annual growth likely to turn negative soon.
The Bank of Canada Front-Loading Won’t Guarantee A Soft-Landing: RBC
RBC no longer sees a soft-landing as a possibility, and now expects a moderate recession will kick off as early as the end of this year.
This Week’s Top Stories: Canada’s Hard Landing, and The BoC Calls Real Estate Unsustainable
Top stories in Canadian real estate include a hard landing for the economy, and real estate’s unsustainable growth according to the BoC.
Bank of Canada’s Delayed Action Means A Hard Landing Is Most Likely: Oxford Econ
Oxford Economics now sees a moderate recession after the Bank of Canada now needs more aggressive rate hikes due to persistent inflation.
This Week’s Top Stories: Canada’s Banks Turn Bearish On Real Estate As Prices Fall
This week’s top stories include two “Big Six” banks sharing a worsening outlook for Canadian real estate and Toronto prices plummeting.
Toronto Real Estate Prices Fell An Average of $1k/Day, Down Over 15% From Peak
Greater Toronto real estate prices continued to fall in August, with the cost of a typical home now back to October 2021-levels.
Canadian Real Estate Prices To See An “Unprecedented Decline”: TD
Canada’s second-largest bank is the latest to forecast declining real estate prices, but the good news is they don’t see a deep recession.
