The Big Take
How Bad Will Housing Get? The Chill Gripping a Once-Hot Market Offers a Test
As Canadians struggle with soaring interest rates, the next few months hold clues on whether there will be a surge in forced sellers.
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For the past 25 years, Canada has been in the grip of the world’s biggest housing boom, a near unbroken run of price appreciation unparalleled among its developed peers.
Now it’s over, and pain is starting to spread.