with Tony Stillo and Michael Davenport
March 9, 2023
Canada’s housing market is in the midst of an historic correction. Home prices are already down about 15% from early 2022 highs and home sales have plummeted by more than 40%. With mortgage rates now peaking, the question on everyone’s mind is – How much longer will the housing downturn continue? In this podcast, Tony Stillo, Director of Economics for Canada, and fellow Economist, Michael Davenport discuss the outlook for Canada’s housing market and why they believe the correction in housing hasn’t yet run its full course.