Average home price fell for first time since 2008, largest decline in the data going back to 2001.
The changes pose real threats to the highly speculative pre-sale condo market.
The national slowdown was particularly unkind to the province of BC.
It’s not subtle: Home sales plunge, inventory jumps, prices begin to react.
The magnificent house price bubble wheezes.
Variable-rate mortgages, the HELOC phenomenon, and new stress tests meet higher rates.
The Canadian Housing & Debt Bubble ascends to the next level of risk.