Canadian Prices Still Above Pre-Pandemic Levels Amid Declines
Canadian home prices ↓ 2.8% yearly to ~$757K in Q4 of 2022. It’s the first yearly decline since 2008 during the financial crisis. Prices ↓ in 2022 as mortgage rates ↑, due to the BOC’s rate-hikes. However, they remain above pre-pandemic levels.
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