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Canada's housing market headed for 'historic correction,' says RBC

Financial Post: 'RBC now expects home sales to fall nearly 23% this year and 15% next year, and national benchmark prices to drop more than 12% from peak to trough by the second quarter of 2023.


'The 42% drop in home sales from the peak in early 2021 will exceed the declines seen in the past four national downturns, Hogue said. In 1981-82 and again in 1989-1990 sales fell 33%; they fell 38% in 2008-09 and 20% in 2016-2018.'


Pierre Poilievre should prohibit Blackstone / Blackrock from buying up all the property. The gerontocracy should be allowed to fail & the boomers ought to have the bottom fall out from under them.

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