RBC SAYS RREAL ESTATE MARKET WILL CONTINUE TO SLOW DOWN!
Monday Oct 17th, 2022
The downturn in the Canadian housing market still has some way to go before settling, according to RBC Economics. “Both activity and prices continued to trend lower in the vast majority of local markets. Demand-supply conditions generally eased some more.”
Housing markets should also brace for “more of the same” slowing in the near future considering that the Bank of Canada is likely to hike its rates even more in the coming months, RBC said.