CannTrust has since renamed itself Phoena Holdings and exited creditor protection in March
Sellers can hold out for better market conditions: BMO
Housing affordability will not improve due to rising interest rates
Detached home prices down 10% year over year, condos up 3%
Climbing interest and mortgage rates are cooling the market
More declines from recent highs are likely, but prices should remain above pre-pandemic levels
Much of the cooldown has been attributed to rising interest rates
Investor exuberance is fading as companies try to stave off a potential recession
Rising interest rates are a factor, but ‘the supply issue has not gone away’
The company will now focus more heavily on core businesses, like investing and banking