Canadian House Prices Biggest Monthly Decline and the Bank of Canada Raises Interest Rates Again

Real Estate
The Bank of Canada raises interest rates again in Canada and the Teranet house price index shows the biggest month over month decline for Canadian real estate on record. Are we seeing the Canadian real estate crash picking up steam or is there more to this Teranet house price index story?

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

๐—Ÿ๐—ฒ๐˜ ๐—บ๐—ฒ ๐—ณ๐—ถ๐—ป๐—ฑ ๐˜†๐—ผ๐˜‚ ๐˜๐—ต๐—ฒ ๐—ฝ๐—ฒ๐—ฟ๐—ณ๐—ฒ๐—ฐ๐˜ ๐—ฅ๐—ฒ๐—ฎ๐—น๐˜๐—ผ๐—ฟ!
๐Ÿ“† ๐—•๐—ผ๐—ผ๐—ธ ๐—ฎ ๐—บ๐—ฒ๐—ฒ๐˜๐—ถ๐—ป๐—ด ๐˜„๐—ถ๐˜๐—ต ๐—บ๐—ฒ! https://calendly.com/matthewpfeifer

๐— ๐—ผ๐—ป๐˜๐—ต๐—น๐˜† ๐—–๐—ฎ๐—ป๐—ฎ๐—ฑ๐—ถ๐—ฎ๐—ป ๐—ฅ๐—ฒ๐—ฎ๐—น ๐—˜๐˜€๐˜๐—ฎ๐˜๐—ฒ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ: 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:
๐Ÿ”— https://linktr.ee/baldprairierealestate
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๐Ÿ“ž (306) 591-3353
๐Ÿ“ง mpfeifer@royallepage.ca
Royal LePage Regina Realty

๐—ฆ๐—ผ๐˜‚๐—ฟ๐—ฐ๐—ฒ๐˜€:

https://www.bnnbloomberg.ca/canadian-home-prices-post-record-monthly-decline-in-september-housing-index-1.1835420

CIBC’s Tal: “This is not a meltdown,” but expect short-term pain

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https://www.saltwire.com/atlantic-canada/news/nova-scotia-housing-legislation-attack-on-municipal-jurisdiction-halifax-mayor-says-100786222/

https://www.blogto.com/real-estate-toronto/2022/10/toronto-has-largest-gap-between-rent-prices-and-mortgage-payments-canada/

https://www.bankofcanada.ca/2022/10/fad-press-release-2022-10-26/

My name is Matthew Pfeifer, and this is Bald Prairie Real estate, a Canadian real estate channel. I am a REALTORยฎ in Regina Saskatchewan working for Royal LePage Regina Realty. In over 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 real estate market. The real estate market in Canada is very regionalized and local, which is why my monthly Canadian real estate market does not just look at the national statistics, or updates that cover Vancouver and Toronto only, but other individual cities like Calgary, Halifax, Montreal and more. The very local aspect of the Canadian real estate market is why it can be so hard for governments to craft policy for the “Canadian” real estate market. Being from Regina, me and my team specialize in the Regina real estate market and have a much different approach and outlook on Canadian real estate than a REALTORยฎ from a larger market like Toronto or Vancouver. I cover first-time home buyer topics, tips for selling your home, how to buy a house in Canada, monthly Canadian housing market market updates and weekly Canadian real estate news recaps.

#CanadianRealEstate #RealEstateNews #TorontoRealEstate #RealEstate #BaldPrairieRealEstate

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