Housing Markets Navigate Inclement Conditions
First among the multiple and often conflicting economic influences on Canada’s housing markets is the economic threat from an unpredictable U.S. administration. For now, softening factors have the upper hand. Resale prices have been weakening in recent months, and stocks of unsold new homes are rising.
With the general economic turbulence caused by capricious U.S policies, to what extent are employment and inflation worries rattling consumers and potential homebuyers? What impact will lower federal immigration targets have on new construction, housing starts, and residential investment? What will characterize the interest rate landscape over the forecast period, and how will this affect sales of new and existing homes?
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