Canada’s housing market faces ‘historic correction’ that could see sales drop 42%, RBC says - Toronto Star

Canada’s largest bank predicts home prices could drop by more than 12% early next year and unit sales could drop 42% between early 2021 by end of next year, making it the worst slump since the early 1990s.

Canada’s housing market could be facing its biggest downturn in recent history, according to a new report from RBC. After the price of residential properties soared during the pandemic — with some o… [+3513 chars]

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