How the wave of retirements expected over the next three years will impact housing.
All in Forecast
How the wave of retirements expected over the next three years will impact housing.
A recession is likely and Canada is too indebted to splash on government bailouts this time.
With so many market headwinds, the risk that this is a pause in the correction is higher.
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.
Lower interest rates can make it easier for people to buy a home.
Don’t use quantitative easing (QE), to protect banks against their poor business decisions.
Mortgage delinquencies and defaults are terrible predictors of housing market corrections.
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.