A housing market swamped by exponentially rising debt coupled with a period of sharply rising interest rates is bound to head south sooner or later. But not to worry, we can just tell ourselves that it’s all due to tariffs.
Home sales fell 4.8% in March from February, and together with declines in the previous three months were down 20% from their recent high, posted in November, CREA said on Tuesday.
On a non-seasonally adjusted basis, sales were down 9.3% on an annual basis and were the lowest for the month since 2009.
We might benefit from a graphic comparison with tent sales.
Pretty much the ONLY affordable housing on the market
Obviously we need more immigrants to boost the economy and stabilize the housing market.
Yup!
Carney hired Mark Wiseman and he wants 100 million Hosers ASAP.
Unvetted too.
Calgary has recently seen a 20% drop in sales, a 100% increase in inventory for sale, and also prices going up. Real estate agents claim they can make sense of it, I think a magic 8 ball will be just as good.
Some realestate winnah on LinkedIn claims its all supply and demand for price increases.
The City keeps raising assessment values, looking for more property tax revenue.
Tariffs and Donald Trump- yeah, that’s our problem!
No. Clown people in charge is our problem.
Liberal racist Party got us into this mess, of course they’re deflecting blame now.