Housing market downturn a top risk to Canada’s financial system, regulator says – National

A potential downturn in Canada’s housing market and adjusting to rapid increases in interest rates are among the biggest risks to Canada’s financial system this fiscal year, the country’s financial regulator said on Tuesday.

The Office of the Superintendent of

Could The Housing Market Collapse Again? Recovery Talk ‘Premature’ After Mortgage Rates Surge Past 7%


As fears of inflation push mortgage rates back toward multi-decade highs, economists are warning the resurgence in borrowing costs will deal another blow to the precarious housing market, driving home sales to new lows and proving the recent recovery