Canadian New Housing Demand Expected To Drop 22% Next Year: RBC

Author: External Author | Categories: Mortgage Agent , Mortgage Pre Approval , Mortgage Services

Canada’s largest bank sees the real estate market cooling down soon, especially for new homes. RBC Economics has forecast a sharp decline in new housing starts. The “Big Six” bank expects new building to slow down in the second quarter of this year, and taper into Q3 2022. This will result in a sharp fall for new housing starts next year, as investment in the sector slows.

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Original Article Source Credits:   Better Dwelling ,

Article Written By:  Daniel Wong

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