BNN Bloomberg's David George-Cosh discusses a new warning from CMHC which expects a recession by the end of 2022.
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3% LoL………
w00h00!
“You will own nothing and be happy “
Owning a house is overated anyway
Don’t forget to eat the bugs
Where these analysts live lol.
Some places already dropped over 20% and overall it is at least 15%.
We still have high inflation and more rate hikes coming.
Legislation needs to be brought about to build war time homes in mass numbers. Ridiculous that builders expect young families to be able to afford these new builds and expect to live.
Hahaha, ya more government is the answer lol
Less government the government needs to get out of the way and make it easier for homes to be built.
Are we at war?
Government legislation is why we’re here.
Thanks, Jagmeet Trudeau!
Electric cars made out of paper is the green future
Crash and Burn on command.
Analyst probably holds Realtor license. Market is already down many %. Likely hood, 3% per month we will see home prices decline/down by EOY.
Correction means more money for government due to moving, bankruptcy and land transfer tax costs like 50 k per home.
More money for bankruptcy lawyers.
CHMC was calling for dire drops in prices and now only expects only 3 percent drop. This organization is completely clueless, we are in much dire situation now and expect the prices to keep grinding down over few years and drop as much as 40 percent
LOL. Source: trust me bro. Learn economics.
Thank a liberal
2028 is the likely year that is the year the corporate tax cut cuts expire in America. The handle at the racetracks is increasing not sharply decreasing. This indicator has never been wrong which means no recession.
5 percent and 3 percent down compared to when? Is it year to year?
It really is too bad that “Housing prices will fall big time in Canada” stems from simply the fact that it is falling heavily in places like Ontario and Toronto. Seriously? Since when is Ontario representative of all of Canada? BC is probably the best province to live in as far as climate is concerned, and yeah, Ontario is a place that was heavily pumped up for no real reason. I don’t see prices in BC falling all that much.