Canadian home prices will drop more than expected: Desjardins economists

A team of economists at Desjardins have adjusted their outlook on Canada's home prices and now expect prices to plunge even further.

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11 comments

  1. Wow – 23% is just setting it back a year or so to spring of 2021 – that will teach them!
    LOL – if you see a drop of 60% call it news, otherwise it just is as interesting and important as a sack of potatoes tipping over somewhere in PEI.

    1. @The Cheese Factor me, too. Equity is currently about 4-times my outstanding mortgage. 60-70% dip, I’m ok!

  2. Prices have already fallen ~ 20%, so this is an obnoxious “forecast”. It is a bit like predicting “significant rain” in the middle of a rain storm.

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