Further upward pressure on rents is expected in the coming months
Affordability may become an even bigger issue as housing starts lag immigration numbers
Compared to a year ago, sales were down 37%
Average home price is expected to gain 3.5% from 2023 to 2024
Mortgage debt growth remains sluggish alongside weaker housing markets, finds StatsCan
In this economic cycle, national home prices could fall 25% from their peak, BMO says
Sales and prices have fallen this year as rising interest rates increased borrowing costs
Fundamentals remain strong, CIBC's deputy chief economist says
The national average home price in October was down almost 10% from a year ago
Household wealth expected to drop by $1.6 trillion from pandemic heights