Canadian Real Estate Crashed In 2022. What Disaster Is Coming In 2023?

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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