Canadian Real Estate Crashed In 2022. What Disaster Is Coming In 2023?
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So it's official the Canadian real estate market crashed in 2022. So what does this mean for 2023? We take a look at some of the shocking declines from 2022. Evaluate where we are right now and take a look at the most important metrics for the housing market. Unemployment is likely to rise in 2023 and long-term rates are likely to head back down as inflation cools off in 2023. But a recession and the risk of a banking crisis or black swan event could be the main cause for concern in 2023.
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