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Economic Viewpoint

No True Price Drops for Existing Homes in Canada

April 27, 2018
François Dupuis, Vice-President and Chief Economist • Benoit P. Durocher, Senior Economist

The housing market has struggled since the start of 2018, with existing home sales showing a significant decline. Although certain data also point to price drops, some more reliable indexes suggest that prices are stable, increasing even in some market segments. At the moment, adjustments to the restrictive measures and gradually climbing interest rates are coming into play relatively slowly, without affecting the value of Canadians’ real estate assets too much.

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