Higher rates weigh on demand, lower lumber prices cut construction costs
Mortgage debt growth slowed in 2022, credit card debt accelerated
Compared to a year ago, sales were down 37%
Average home price is expected to gain 3.5% from 2023 to 2024
Strong demand, tight supply supporting prices even as rates rise, Fitch reports
Financial markets, housing market may face rate-driven headwinds
Few want to sell, fewer looking to buy, January sales down 44.6% year over year
Clients may not know they’re obligated to file, and there is no cap on penalties for late filing if taxes are owed
Housing market turmoil, deeper U.S recession pose threats too
Amid growing challenges, Canadian banks still well positioned to absorb headwinds