ICYMI: Home price drop within 'striking distance' of the last big downturn — and it's not over yet — via financialpost realestate housingmarket homebuyers
Financial Post Top Stories
“Higher interest rates will disqualify more buyers from obtaining a mortgage and shrink the size of a mortgage others can qualify for,” said Hogue. Eastern Canada has fared better, but “downward pressure is intensifying,” said Hogue. Montreal prices are down 3.3 per cent over the past three months, about half the drop in Toronto. But Halifax has fallen 6.3 per cent in the same time period, with a 3.9 per cent drop in August alone. Prices in Saint John, New Brunswick, fell 4.2 per cent last month.Article content
However, Randall Bartlett, senior director of Canadian economics at Desjardins, says a closer look at the details should curb any budding enthusiasm.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Canada says inflation headed in right direction but still too highStatistics Canada says the inflation rate was 7.0% in August, marking the second consecutive month inflation has slowed. Read on
Read more »
'Unprecedented': Trail of destruction from Fiona could take months to cleanupThe storm could prove to be one of Canada's costliest natural disasters, and it could take weeks to restore essential services. storm fiona hurricanefiona
Read more »
Eastern Canada prepares for a potentially record storm as Hurricane Fiona approachesThe Canadian Hurricane Centre has issued a hurricane watch over extensive coastal expanses of Nova Scotia, Prince Edward Island and Newfoundland.
Read more »
Hurricane Fiona roars by Bermuda, on route to Canada | amNewYorkFiona, a Category 3 hurricane, pounded Bermuda with heavy rains and winds Friday as it swept by the island on a route forecast to have it approaching northeastern Canada late in the day as a still-powerful storm.
Read more »
Canada: BoC to deliver another 50bps hike in October despite weak retail sales - CIBCData released on Friday showed a 2.5% decline in Canadian retail sales in July, a larger-than-expected slide. Analysts at CIBC, still see the Bank of
Read more »
Supercharger Station In Canada Partly Offline After Cables Were CutThis was quite a busy Supercharger station in Surrey, British Columbia that in the past experienced queues, and it looks like they may return.
Read more »