Has The Canadian Housing Market Hit Bottom?
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Has The Canadian Housing Market Hit Bottom?
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Four years after the 2022 peak, the first real signs of a floor are showing up, national sales are up 7% from the March low, inventory is tightening, and single-family completions in Ontario just hit their lowest level since 1990. But economists have been burned by three false starts already, and nobody wants to say the b-word out loud.
Meanwhile, over 13,000 Canadians filed for insolvency in June, up 11.5% year over year and running near 2009 levels. So which is it? Dan and Nick dig into whether this is a real bottom or a supply collapse dressed up as a recovery... and what it means if you're deciding whether to buy today.
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