Is the Canadian Housing Market About to Crash


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Recent reports forecast a decline of 15-20% of housing prices in Canada. Particularly, in June, CTV News published that a report by Desjardins called for a 15% drop in the average home price from over $790,000 in February 2022 to $675,000 by December 2022. And that the correction in the Maritimes could be worse because of the flock of people that moved to Prince Edward Island, Nova Scotia, and New Brunswick when Canadians were able to work remotely during the pandemic.

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