October Update: Prices Plunge at Fastest Pace on Record

The Most Splendid Housing Bubbles in Canada, October Update: Prices Plunge at Fastest Pace on Record

SGT Report - 2022-10-23 - Original post - Cached copy

by Wolf Richter, Wolf Street: As the Bank of Canada’s rate hikes and QT goose mortgage rates, some practically funny price spikes are getting unwound very fast. Canada’s housing market is trying to figure out where reality is? After the era of ridiculous house-price spikes, triggered by the Bank of Canada’s interest rate repression and […]

The Most Splendid Housing Bubbles in Canada, October Update: Prices Plunge at Fastest Pace on Record

SGT Report - 2022-10-23 - Original post - Cached copy

by Wolf Richter, Wolf Street: As the Bank of Canada’s rate hikes and QT goose mortgage rates, some practically funny price spikes are getting unwound very fast. Canada’s housing market is trying to figure out where reality is? After the era of ridiculous house-price spikes, triggered by the Bank of Canada’s interest rate repression and […]

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