A recession is likely and Canada is too indebted to splash on government bailouts this time.
All in Forecast
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.
The Bank of Canada Shouldn't Reduce Rates to Protect Banks
Don’t use quantitative easing (QE), to protect banks against their poor business decisions.
Why mortgage defaults don't help predict a housing correction
Mortgage delinquencies and defaults are terrible predictors of housing market corrections.
Rates show signs of moderating in late 2023 or 2024
The Canadian economy is showing early signs of a recession in 2023. Headwinds from aggressive central bank interest rate hikes are gaining strength, and the housing market has already seen a sharp decline since spring.
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.