Canadian Real Estate News Headlines (January 22nd, 2019)

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today. 

Weak Canadian housing data draws out bears, and awakens the bulls

Canadian house prices are at risk of dropping "substantially" over the next two years, Capital Economics argues, and that could turn Bank of Canada governor Stephen Poloz from an interest rate hawk into a dove later this year.

The details can be found here. 

Stress test takes the wind out of national sales

The full effect of the B-20 mortgage stress test, implemented at the beginning of 2018, can be seen in the Canadian Real Estate Association’s (CREA) wrap-up report for the year.

National resale homes activity was down 19 percent on a year-over-year basis in December and approximately 12 percent below the 10-year average for the month.

The details can be found here.