Global Real Estate Markets Are Crashing. Are we moving past the Global 'Real Estate' Peak of the Land Cycle?
- Catherine Cashmore
- 1 day ago
- 66 min read
PLUS - Will the Rate Rises continue? A comprehensive breakdown of this week's economic data with Leith Van Onselen - Chief Economist of MacroBusiness
Prime real estate markets are ringing the bell.
Canada’s property market has seen prices fall substantially from their 2022 peak.
Prices have plummeted more than 20 % in some parts of the country,
Overall, it represents one of the most extended periods of price depreciation in recent Canadian housing history.
The leading indicator? A record drop in non-permanent residents, as Prime Minister Mark Carney has continued Justin Trudeau’s policy to cut the number of foreign students, temporary workers and asylum-seekers.
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