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Canada Home Prices Slide Most Since at Least 2005 on Rates
Wealth | Real Estate
Canada Home Prices Slide Most Since at Least 2005 on Rates
-- Price decline accelerates to 1.9% in June; Toronto suburbs hit
-- Bank of Canada has increased borrowing costs aggressively
By Ari Altstedter and Mathieu Dion
July 15, 2022 at 9:18 AM EDT | Updated on July 15, 2022 at 11:00 AM EDT
Canadian home prices saw their biggest monthly decline in at least 17 years as the impact of higher interest rates began to spread across the country.
The benchmark price of a home fell 1.9% in June versus the previous month, according to data released Friday by the Canadian Real Estate Association. That’s the third straight month of falling prices,
{snip}
Canada Home Prices Slide Most Since at Least 2005 on Rates
-- Price decline accelerates to 1.9% in June; Toronto suburbs hit
-- Bank of Canada has increased borrowing costs aggressively
By Ari Altstedter and Mathieu Dion
July 15, 2022 at 9:18 AM EDT | Updated on July 15, 2022 at 11:00 AM EDT
Canadian home prices saw their biggest monthly decline in at least 17 years as the impact of higher interest rates began to spread across the country.
The benchmark price of a home fell 1.9% in June versus the previous month, according to data released Friday by the Canadian Real Estate Association. That’s the third straight month of falling prices,
{snip}