Time for your cheat sheet on this week’s top stories.
Canadian Real Estate
Canadian Real Estate’s Worst Case Is A 30% Price Drop, Still Down By 2027: RBC
Canada’s largest bank is preparing for a big drop in home prices in a downturn. RBC’s worst case scenario for Canadian real estate is a 30% price drop, with prices still down by 2027. The bank warns this is the “worst case,” but now they’re placing greater weight on the outcome.
Canadian Mortgage Costs To Hit “Inconceivable” Levels After Bond Yields Surge: BMO
Canada’s oldest bank is telling households to prepare for the end of the low rate experiment. Rising rates have put an end to the 15 year run of hard-to-grow inflation. As a result, bond yields show much higher interest rates will be used to stabilize inflation. Currently the market is pricing at rates that haven’t been seen since the Great…
