Teranet has released its National Composite House Price Index numbers showing a 0.8% drop month over month for Canadian real estate. This is the largest drop since September of 2010, confirming the stagnating real estate market may have officially reached its peak. Although the plunge wasn’t enough to take annual gains into the negative, it’s a clear sign of where the market is headed next.
For more information on these statistics, visit:
https://housepriceindex.ca/#maps=c11
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