Tag: housing correction Canada
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Canada’s Housing Market Has Now Seen Its Largest Price Correction In History

Canada’s housing market has experienced one of the most dramatic booms in history, and according to new data, it’s now experiencing its largest correction on record. New figures from the Bank for International Settlements (BIS) show national home prices have fallen significantly since peaking in early 2022. Once inflation is factored in, prices have dropped…
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Canadian Housing Market Facing Largest Correction Since the 1990s, Warns BMO

Canada’s housing market may be deeper into a downturn than many realize. According to new insights from BMO Capital Markets, the current correction is shaping up to be the largest since the 1990s, with little indication that conditions will improve in the near term. Even more concerning, when adjusted for inflation, home prices in Canada…