$200,000 Price Drops Ahead? Don't Be Surprised When It Happens. 2023 Canadian Housing Market.

Bear Market Rally is Over, Inventory Increasing, Sales Still Low. Interest Payments up over 300% for some Canadians. CMHC doesn't support longer amortizations. Check out the latest Canadian Real Estate data and statistics for May.

Links/references:

https://www.blogto.com/real-estate-toronto/2023/06/220-ontario-street-toronto/

https://www.reuters.com/markets/canadian-housing-starts-fall-23-may-cmhc-2023-06-15/

https://www150.statcan.gc.ca/n1/pub/71-607-x/71-607-x2018005-eng.htm

https://www.bnnbloomberg.ca/changing-amortization-cap-on-insured-mortgages-not-the-answer-to-affordability-cmhc-1.1935122


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