This Week’s Top Stories: Canada’s Banks On Real Estate’s “Historic Correction” & Supply Shortage “Myth”

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Expected To See A “Historic Correction,” Biggest Drop Ever: RBC Canada’s largest bank feels we are in the middle of a “historic correction.” RBC said the housing downturn is much faster and deeper than expected. Consequently, they’re downgrading their […]

This Week’s Top Stories: Canadian Real Estate Slowdown Is Just Getting Started & “This Time Is Different”

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Cooldown Is Just Getting Started: BMO Slowing Canadian real estate sales are dragging renovation spending lower. An analysis from BMO Capital Markets shows renovation retail spending has begun to fall. Both segments are still elevated but rate hikes are […]