Biggest Decline in House Prices Ever | Canadian Real Estate News Update

Real Estate
Teranet is reporting that Canadian real estate prices saw the largest single month over month decline ever recorded. While RBC is predicting that Canadian real estate will bottom out in spring of 2023. CREA is reporting a sixth straight month where home sales declined, but that this last month was the smallest of the six. All that and more on this weeks Canadian real estate news recap.

This is the weekly Bald Prairie Real Estate Canadian real estate news roundup.

https://www.bnnbloomberg.ca/real-estate-canadian-home-sales-fall-for-sixth-straight-month-1.1819251

https://dailyhive.com/vancouver/canada-real-estate-inventory-levels-decline-crisis-remax

The latest in mortgage news: OSFI has no plans to loosen the stress test

When will home prices bottom out in Canada? RBC says spring

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https://www.theglobeandmail.com/business/economy/article-canada-inflation-august-2022-cpi/

https://www.cnn.com/2022/09/21/economy/fed-rate-hike-september/index.html

https://www.reuters.com/markets/us/canada-home-prices-post-record-monthly-decline-august-teranet-2022-09-20/

https://www150.statcan.gc.ca/n1/daily-quotidien/220921/dq220921b-eng.htm

Monthly Canadian Real Estate Market Update: https://youtube.com/playlist?list=PLJIsqXO9b_ojeDVbwhhiZVxJl0MGqOe2D

๐——๐—ผ๐—ป’๐˜ ๐—ณ๐—ผ๐—ฟ๐—ด๐—ฒ๐˜ ๐˜๐—ผ ๐˜€๐˜‚๐—ฏ๐˜€๐—ฐ๐—ฟ๐—ถ๐—ฏ๐—ฒ ๐˜๐—ผ ๐—บ๐˜† ๐—ฐ๐—ต๐—ฎ๐—ป๐—ป๐—ฒ๐—น: https://www.youtube.com/channel/UCQtcFSrs6t8mdztfu_wfstA?sub_confirmation=1

๐— ๐—ฎ๐˜๐˜๐—ต๐—ฒ๐˜„ ๐—ฃ๐—ณ๐—ฒ๐—ถ๐—ณ๐—ฒ๐—ฟ’๐˜€ ๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—œ๐—ป๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป:
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๐Ÿ“ง mpfeifer@royallepage.ca
Royal LePage Regina Realty

My name is Matthew Pfeifer, and this is Bald Prairie Real estate, a Canadian real estate channel. I am a realtor in Regina Saskatchewan working for Royal LePage Regina Realty. In 10 years working as a real estate agent, I have seen both ups and downs in the market. But there is no real estate market that you cannot buy or sell a house in. Often the media tries to present a Canadian real estate market, or they talk about the real estate market in Canada as if there is a national market. The real estate market in Canada is very regionalized, why is why my monthly Canadian real estate market updates cover Vancouver and Toronto but other individual cities like Calgary, Halifax, Montreal and more. Being from Regina I focus on the Regina real estate market. Bald Prairie real estate is about educating you about Canadian real estate. I cover first-time home buyer topics, tips for selling your home, how to buy a house in Canada and monthly Canadian real estate market updates.

#CanadianRealEstate #CanadaRealEstate #TorontoRealEstate #RealEstate #BaldPrairieRealEstate

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