Canadian Real Estate Prices Get Another Forecast Revision Lower From RBC
RBC quarterly filings reveal the bank is seeing its baseline expectations for Canadian real estate prices erode even further.
This Week’s Top Stories: Canadian Real Estate’s Bear Market Is Just Getting Started & Inflation Revisions
This week’s top stories include a “Big Six” bank warning Canada’s real estate correction is just getting started & big inflation revisions.
Canada’s Major Real Estate Markets Are Seeing Inventory Return To “Balanced”
Canada’s major real estate markets are back to a “balanced” market and can head into a buyers’ market if things don’t firm soon.
Canadian Real Estate Market Entered Bear Territory, Expect It To Get Worse: BMO
Canadian real estate entered a bear market as higher rates killed excess demand, and BMO sees things getting worse in the coming months.
Canadian Real Estate Prices Fall Another $27k, Average Sale Now Negative Growth
Canadian real estate prices continue to grind lower as buyers sit on the sidelines. Canadian Real Estate Association (CREA) data shows the composite benchmark price fell in July. The price of a typical home fell for a fourth consecutive month, wiping out more than half the annual gain. Those massive surges in price we started […]
This Week’s Top Story: Canada’s Real Estate Bubble Eliminated By Data Revision & More Experts See Lower Prices
This week’s cheat sheet includes how Canada eliminated its real estate bubble with data revisions, and experts forecast bigger declines.
Higher Rates Lower Your Cost of Living, “We Know It’s Difficult”: Bank of Canada
The Bank of Canada is telling the public they know higher rates are “difficult,” but ultimate leads to a lower cost of living.
Canadian Real Estate Prices To Fall More Than Expected: Desjardins
Yet another Canadian financial institution thinks real estate is worse than we think. Desjardins made a sharp downward revision to its forecast for Canadian real estate prices. The revision comes after fundamentals eroded faster than expected, already hitting their previous forecast price drop. By the end of next year, they see the average home price […]
Canada Eliminated Its Real Estate Bubble By Revising Data. It Hit A New One Already
Canada’s real estate bubble suddenly disappeared with a new revision to how it measures prices. It hit another bubble with that method too.
Canadian Real Estate Affordability Hits Worst Level Since The 90s: Bank of Canada
The Bank of Canada Housing Affordability Index shows it hasn’t been this hard to buy a home since the early 90s real estate bubble.
