Is Canada’s housing market in a correction? One economist thinks so – for a variety of reasons. Our housing market posted its weakest quarter in three years, with home sales down nearly 10 per cent compared to the previous period - according to the Canadian Real Estate Association. And rates are not likely to change anytime soon but that’s only part of the story. Host Kris McCusker speaks to David-Alexandre Brassard, Chief Economist at the Chartered Professional Accountants of Canada, for his take on what’s contributing to the stall and why come government programs won’t really help.
Is Canada’s housing market in a correction? One economist thinks so – for a variety of reasons.
Our housing market posted its weakest quarter in three years, with home sales down nearly 10 per cent compared to the previous period - according to the Canadian Real Estate Association.
And rates are not likely to change anytime soon but that’s only part of the story.
Host Kris McCusker speaks to David-Alexandre Brassard, Chief Economist at the Chartered Professional Accountants of Canada, for his take on what’s contributing to the stall and why come government programs won’t really help.