, but economists at RBC say they have identified forces in Canada’s economy that will protect the market from a “full-blown housing crash” as suffered by the United States during the 2008 financial crisis.
But there is another trend in our society that the economists say is often overlooked: the size of our households are shrinking. The size of households has a big impact on the number of housing units needed by Canadians, whether owned or rented, said the economists.
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Posthaste: Two things that will protect Canada from a 'full-blown housing crash'Posthaste: Two things that should protect Canada from a 'full-blown housing crash' Bureaucracy and immigration. Try and build a 1400 sq/ft home. 300k for a lot and 200k in taxes,fees and inspections. 500k before labor and materials. The problem with Canada is that it either doesn’t vet prospective immigrants or doesn’t care too. A lot of criminals & thugs are imported and wreak havoc on the citizenry. Canada needs to do a better job of selecting immigrants and repatriating the bad ones. No conflict of interest in this story?
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Immigration Will Prevent Full-Blown Housing Crash: RBC- STOREYSThe flow of new permanent residents is already on the rebound from their pandemic-era lows and are in fact set to hit record numbers. RBC | realestate realestatenews housingmarket immigration cdnpoli RBC Are those immigrants bringing enough cash and credit to buy a million dollar listing in the ring around Toronto?
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Posthaste: Bottom still a ways off for Canada's housing market, says RBCSince the Bank of Canada began hiking interest rates, home sales have fallen 31% and benchmark prices almost 6% nationwide. Find out more
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Posthaste: Bottom still a ways off for Canada's housing market, says RBCSince the Bank of Canada began hiking interest rates, home sales have fallen 31% and benchmark prices almost 6% nationwide. Find out more Pressure hasn't even started yet...Wait for the layoffs I have one neighbour who overpaid by about 40% in the past year. Now she’s blaming the neighbours, police, and mayor because the neighbourhood doesn’t meet her expectations. Some people got royally screwed. Very sad and unnecessary. Nope. Once pricing drops a little, the buyers will rush back into the market.
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Posthaste: Bottom still a ways off for Canada's housing market, says RBCSince the Bank of Canada began hiking interest rates, home sales have fallen 31% and benchmark prices almost 6% nationwide. Find out more
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Posthaste: Bottom still a ways off for Canada's housing market, says RBCSince the Bank of Canada began hiking interest rates, home sales have fallen 31% and benchmark prices almost 6% nationwide. Find out more financialpost Good let the prices hit the floor. financialpost Prices will never bottom out because more and more people keep coming and more and more boomers are leaving real estate and wealth to their offspring. It’s numbers, and the world’s population of wealthy keeps growing. So there will always be demand for homes and for investments.
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