Prices Drop $100K, 5% Mortgage Rates, National Prices Down 13%, 2022 Canadian Housing Market
The cycle continues, all Big 5 Canadian Banks raise interest rates above 5%, real estate prices in the Niagara Region fall almost $100,000 in one month, and I visit the supply and demand debate again to once again try and prove that lack of supply was never the real issue in the housing market
Credits and Data sources for this video content
https://creastats.crea.ca/en-CA/
https://www.statcan.gc.ca/en/start
https://www.itsosystems.ca
“Clarifying the real estate misconceptions” article source: Golfi Team Real Estate, Market Watch: June 2022 (unaddressed admail, flyer).
