Canada’s housing market is causing alarm bells, and with more homes listed, many folks just aren’t buying. The Bank of Canada’s financial review highlights debt worries and younger homeowners taking a step back from the market.
t.co/IqveoD5lGS Harsh new reality for homeowners as listings rise and buyer-pool shrinks
In its 2023 Financial System Review, The Bank of Canada notes growing concern about the ability of households to service their debt, with mortgage holders facing payment increase… pic.twitter.com/aw0G2MR8ae— Danielle Park (@kdaniellepark) October 3, 2023
Young Canadian households are abandoning the housing market, per the Globe: pic.twitter.com/JkDUxc2B65
— unusual_whales (@unusual_whales) October 11, 2023
The IMF is projecting Canada to have the highest economic growth next year. I’ll take the under on the highest indebted household sector. High rates are going to bite hard. pic.twitter.com/92GiIyhG07
— Steve Saretsky (@SteveSaretsky) October 11, 2023