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.
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.
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.
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.
