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Canadian property bubble
Housing market predictions: The forecast for the next 5 years. It’s been a wild real estate ride over the last few years. After a red-hot market characterized by very low interest rates and ...
Cofini and Carter agree that the rental market will stay strong in 2025, meaning that rents may not decline from the national median price of $2,150. Cofini said, “Certain areas are projected to ...
30-year fixed-rate mortgage: 5.75%. Change: -1.15 percentage point. Highest since 2009. Mortgage rates ended 2023 with a cooldown almost as fast as the surge.
Real-estate bubble
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
Other housing experts and economists have predicted mortgage rates will stay in the 5% to 6% range for the next couple of years, but meaningful change isn’t “going to happen overnight ...
Since 1989, the population of Canada increased 30% but the amount per capita spent to build affordable housing stock decreased from $115 per capita in 1989 to $60 per capita in 2014. In 1982, the federal government built 20,450 affordable housing units; in 2006 only 4,393 units were built.