“Canada’s housing market is correcting quickly, and faster than we anticipated in our downbeat June forecast,” Desjardins said. In the previous forecast, the Montreal-based financial services company predicted national home prices would fall 15 per cent during the same period.
Desjardins predicts New Brunswick, Nova Scotia and P.E.I. will bear the brunt of a sharply correcting market with prices falling by 29, 27 and 25 per cent, respectively, from the peak in February 2022 to December 2023 after having risen 71, 67 and 62 per cent from December 2019 to February 2022. Desjardins expects Quebec to fare better because homes are cheaper — the average price there was $510,000 in April compared with $1 million in Ontario in February — and Quebecers are in “better financial shape.”
financialpost Since 1995 I can remember the Sun writing these same articles and the so called “experts” making these same predictions. RemindMe_OfThis in 1 year
financialpost I like how the media is influencing the market with their 'predictions'
financialpost I'll your bluff. House prices are going to continue to rise.
financialpost That is a very conservative guess. 40%+ drop is my guess, let's see who is right. wealthtransfer
financialpost Keep those prices falling. Still totally detached from reality.
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