This Week’s Top Stories: Canadian Real Estate Prices To Fall Further, Banks Urge More Immigration

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices To Fall Even Further: Oxford Economics The Canadian housing crash is already the largest on record, and it may not be over. Oxford Economics is forecasting prices and sales falling further through early 2027. Higher rates, elevated energy prices, and weak job growth threaten a recovery. The housing market is seen improving next year, though the firm warns the risk is still to the downside. Continue Reading… Canadian Mortgage Growth Slumps As Rate Hikes Threaten More Pressure Canadian mortgage credit is slowly growing, and BMO warns it can slow further. Mortgage debt grew 0.3% in August, the second-slowest growth for the month on record. Annual growth was also the weakest since the early 2000s, excluding the recent correction. With roughly 30% of originations in Q2 2026 opting for variable rates, BMO cautions the Bank of Canada (BoC). Hiking too fast can hit a growing share of borrowers and throttle mortgage demand. Continue Reading… Canadian Real Estate Needs More Immigration, Foreign Buyers: National Bank A whole generation of young adults want to buy a home but can’t afford it. ...